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2023 2024Federal WorkStudyStudent / Supervisor
HandbookTABLE OF Contestable of Contents2
Introduction ................................................................................................................
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Individuals who are applying for financial aid for the academic year 2023 - 2024 typically need to fill out the 2023 - 2024 f form. This can include students applying for college or graduate school, as well as their parents or guardians. Some scholarship programs or institutions may also require this form for eligibility determination.
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What is f e d?
f e d stands for Foreign Bank Account Report (FBAR), which is a report required by the IRS to report foreign financial accounts held by U.S persons.
Who is required to file f e d?
U.S. persons including citizens, residents, and entities that have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file FBAR.
How to fill out f e d?
f e d can be filled out electronically using the FinCEN Report 114 form available on the official FinCEN website.
What is the purpose of f e d?
The purpose of f e d is to combat money laundering, tax evasion, and other financial crimes by providing transparency regarding foreign financial accounts held by U.S. persons.
What information must be reported on f e d?
f e d requires reporting of the account holder's information, account number, name and address of the foreign financial institution, and the maximum account value during the reporting period.
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