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Barbra Payne, Pay. D. 9300 Wilshire Boulevard Suite 306 Beverly Hills CA 90212 323.496.6488 drpayne@aol.comINFORMED CONSENTConsent to Treatment: Our psychotherapy relationship is entirely voluntary,
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The Financial Crimes Enforcement Network (FinCEN) Form 114, also known as the Foreign Bank and Financial Accounts Report (FBAR), is a form that must be filed by U.S. persons to report financial interests in foreign bank accounts.
U.S. persons, including citizens, residents, and entities, who have financial interests in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file an FBAR.
To fill out an FBAR, you must complete the FinCEN Form 114 electronically using the BSA E-Filing System, providing information such as your name, address, taxpayer identification number, and details of foreign bank accounts.
The purpose of the FBAR is to report foreign financial accounts and to combat tax evasion and other financial crimes by ensuring transparency about U.S. persons' financial interests abroad.
The FBAR requires reporting information including the name of the account holder, account number, name of the foreign bank, location of the bank, and the maximum value of the account during the year.
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