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Form 4720 Department of the Treasury Internal Revenue Service Return of Certain Excise Taxes on Charities and Other Persons Under Chapters 41 and 42 of the Internal Revenue Code OMB No. 1545-0052
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What is and oformr persons under?
The form is used to report certain information about a person or entity with foreign financial accounts.
Who is required to file and oformr persons under?
U.S. persons who have a financial interest in or signatory authority over foreign financial accounts exceeding certain thresholds.
How to fill out and oformr persons under?
You can fill out the form online through the IRS website or by paper form and mail it to the IRS.
What is the purpose of and oformr persons under?
The purpose is to report foreign financial accounts to the IRS to help prevent tax evasion.
What information must be reported on and oformr persons under?
Information such as the account number, name of the financial institution, and highest balance in the account during the year.
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