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Anyone who is required to report their foreign financial accounts to the Financial Crimes Enforcement Network (FinCEN) needs the FinCEN Form 114 download. This form is used to report Foreign Bank and Financial Accounts (FBAR) and is mandatory for United States taxpayers who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year.
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The www.templateroller.com/template/1895952/fincen-form-114-download is a form used for reporting foreign bank and financial accounts.
Any United States person who has a financial interest in or signature authority over foreign financial accounts must file the form.
The form must be completed with accurate information about the foreign accounts owned or controlled by the filer.
The purpose of the form is to report foreign financial accounts and comply with the requirements of the Bank Secrecy Act.
Information such as the account number, name of financial institution, maximum value during the year, and other details about the foreign account.
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