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What is f- b j uo?
f- b j uo stands for Foreign Bank Account Report, which is a form used to report foreign financial accounts.
Who is required to file f- b j uo?
US persons including individuals, corporations, partnerships, trusts, and estates 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.
How to fill out f- b j uo?
The f- b j uo form can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of f- b j uo?
The purpose of f- b j uo is to combat tax evasion and money laundering by ensuring that US persons report their foreign financial accounts.
What information must be reported on f- b j uo?
Information such as the account number, name of the financial institution, type of account, maximum value of the account during the year, and the account holder's contact information must be reported on f- b j uo.
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