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What is handb k um var?
Handb k um var is a financial reporting form used to report foreign bank and financial accounts.
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Any US person with a financial interest in or signature authority over foreign bank accounts totaling over $10,000 at any time during the year is required to file handb k um var.
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Handb k um var can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
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The purpose of handb k um var is to combat money laundering and tax evasion by US persons with foreign financial accounts.
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Information such as the account number, name of the foreign financial institution, the maximum value of the account during the year, and more must be reported on handb k um var.
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