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SA3E Long Forms form is effective beginning with the January 1 to June 30, 2017, accounting period (2017/1)If you are filing for a prior accounting period, contact the Licensing Division for the correct

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What is indian shores?

Indian Shores is a financial reporting form used by individuals to report their foreign financial accounts to the Internal Revenue Service (IRS).

Who is required to file indian shores?

Any US person who has 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 is required to file Indian Shores.

How to fill out indian shores?

Indian Shores can be filled out online using the FinCEN Form 114, also known as the Report of Foreign Bank and Financial Accounts (FBAR). Alternatively, it can be submitted through the BSA E-Filing System.

What is the purpose of indian shores?

The purpose of Indian Shores is to prevent tax evasion by US persons who have foreign financial accounts. It helps the IRS track and tax income earned in these accounts.

What information must be reported on indian shores?

Indian Shores requires the filer to provide information about the foreign financial accounts they have, including the account number, name and address of the financial institution, and maximum value of the account during the year.

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