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A 1uan is a financial form used to report foreign financial assets.
Any individual or entity with foreign financial assets exceeding certain thresholds is required to file a 1uan.
A 1uan can be filled out online or by mail using the required form provided by the IRS.
The purpose of a 1uan is to report foreign financial assets to the IRS in order to prevent tax evasion.
Information such as the type and value of foreign financial assets, as well as any income derived from those assets, must be reported on a 1uan.
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