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SOPK NON an l f d a I f K SQQ o j s I VQMQPJNSOO SRMJVPQJVRMM K 1997 2003 DOCENT, INCORPORATED. ALL RIGHTS RESERVED. This manual, as well as the software described herein, is furnished under license
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What is a l f d?
A l f d stands for Report of Foreign Bank and Financial Accounts. It is a form required by the IRS to report foreign financial accounts.
Who is required to file a l f d?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts must file a l f d.
How to fill out a l f d?
The l f d can be filled out electronically through the BSA E-Filing System.
What is the purpose of a l f d?
The purpose of a l f d is to prevent tax evasion by U.S. persons who have foreign financial accounts.
What information must be reported on a l f d?
The l f d requires the reporting of the maximum value of each foreign financial account during the calendar year.
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