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JSP 886 Defense LOGISTICS SUPPORT CHAIN MANUAL VOLUME 4 MATERIEL ACCOUNTING PART 101 ISSUE OF MATERIEL THE MASTER VERSION OF JSP 886 IS PUBLISHED ON THE Defense INTRANET. FOR TECHNICAL REASONS, EXTERNAL
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What is jsp 886?
JSP 886 is a form used for reporting foreign bank and financial accounts.
Who is required to file jsp 886?
Any US person who has a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year.
How to fill out jsp 886?
JSP 886 can be filled out electronically or by mail. It requires detailed information about the foreign financial accounts, including account numbers, names of financial institutions, and maximum values during the year.
What is the purpose of jsp 886?
The purpose of jsp 886 is to report foreign financial accounts to the US government in order to prevent tax evasion and money laundering.
What information must be reported on jsp 886?
Information such as account numbers, names of financial institutions, maximum values during the year, and any income generated from the accounts must be reported on jsp 886.
When is the deadline to file jsp 886 in 2023?
The deadline to file jsp 886 in 2023 is April 15, 2023.
What is the penalty for the late filing of jsp 886?
The penalty for the late filing of jsp 886 can be up to $10,000 per violation, depending on the circumstances.
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