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Jzcga20160156 SCUSBC2017012 ...................................................................................................................2 ..........................................

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What is 1 4 u 1?

1 4 u 1 refers to IRS Form 114, known as the Foreign Bank Account Report (FBAR), which is used to report foreign bank accounts and financial accounts.

Who is required to file 1 4 u 1?

U.S. citizens, residents, and entities who have foreign financial accounts that exceed a certain threshold are required to file Form 114.

How to fill out 1 4 u 1?

Form 114 can be filled out online through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System, where instructions are provided to guide users through the process.

What is the purpose of 1 4 u 1?

The purpose of Form 114 is to report foreign bank accounts to prevent tax evasion and ensure compliance with U.S. tax laws.

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Form 114 requires information such as account numbers, bank names, account balances, and the identity of all account owners.

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