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Know all men by these presents, that the undersigned does hereby make, constitute ... STREET ADDRESS. CITY. STATE. ZIP CODE. . My true and lawful attorneyinfact for me and in my name, place and stead,
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What is long-poadoc?
Long-poadoc stands for Long Form Report of Foreign Bank and Financial Accounts, which is a form used by individuals to report their foreign financial accounts to the IRS.
Who is required to file long-poadoc?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file long-poadoc.
How to fill out long-poadoc?
Long-poadoc can be filled out electronically through the FinCEN's BSA E-Filing System or by mailing a paper form to the IRS.
What is the purpose of long-poadoc?
The purpose of long-poadoc is to prevent money laundering and tax evasion by providing the IRS with information about individuals' foreign financial accounts.
What information must be reported on long-poadoc?
The information that must be reported on long-poadoc includes the name of the foreign financial institution, the account number, the maximum account value during the year, and the account owner's information.
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