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F M 1 STATEMENT OF FINANCIAL INTERESTS 1998 HI ELEMENT REFLECTS MY FINANCIAL INTERESTS in THE PRE DING TAX YEAR ENDING: CHECK EITHER OR SPECIFY TAX YEAR IF OTHER DECEMBER 31, 1998, THAN THE CALENDAR
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What is f m 1 statement?
Foreign Bank and Financial Accounts Report (FBAR) statement is also known as f m 1 statement.
Who is required to file f m 1 statement?
Any U.S. person with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year is required to file f m 1 statement.
How to fill out f m 1 statement?
The f m 1 statement can be filled out electronically through the FinCEN's BSA E-Filing System.
What is the purpose of f m 1 statement?
The purpose of the f m 1 statement is to report foreign financial accounts to the IRS.
What information must be reported on f m 1 statement?
The f m 1 statement requires reporting the account holder's personal information, the account number, the name and address of the foreign financial institution, and the highest balance in the account during the reporting period.
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