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What is f he?
F HE stands for Foreign Bank Account Report (FBAR), which is used to report foreign financial accounts.
Who is required to file f he?
U.S. citizens, residents, and entities that have financial interests in or signature authority over foreign financial accounts exceeding $10,000 in total at any time during the calendar year are required to file FBAR.
How to fill out f he?
FBAR can be filled out electronically using the BSA E-Filing System provided by the Financial Crimes Enforcement Network (FinCEN).
What is the purpose of f he?
The purpose of FBAR is to report the existence of foreign bank accounts and help prevent tax evasion by U.S. taxpayers.
What information must be reported on f he?
FBAR must report account details, including the name of the bank, account numbers, maximum balance, and the type of accounts held.
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