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What is 45- 1 form number?
45-1 form is a form used for reporting foreign bank and financial accounts.
Who is required to file 45- 1 form number?
US persons with financial interest or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year.
How to fill out 45- 1 form number?
The form can be filled out online or by mail. It requires information on the account, including the account number, name of the financial institution, and maximum value of the account during the year.
What is the purpose of 45- 1 form number?
The purpose of the form is to report foreign financial accounts to the IRS to prevent tax evasion.
What information must be reported on 45- 1 form number?
Information such as account number, name of financial institution, maximum value of the account during the year, and details of account owner.
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