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GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
AUDIT BRANCH
Calcutta, the 16th June 1988. No. 6897F
MEMORANDUMSubject: West Bengal State Government Employees Group InsurancecumSavings Scheme, 1987.
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What is 6897-f?
6897-f is a form used by taxpayers to report foreign bank accounts.
Who is required to file 6897-f?
Any US 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 Form 6897-f.
How to fill out 6897-f?
To fill out Form 6897-f, taxpayers need to provide information about their foreign financial accounts, including the maximum value of each account during the year, the country where each account is located, and details about the account holder.
What is the purpose of 6897-f?
The purpose of Form 6897-f is to help the US government combat tax evasion by ensuring that US persons with foreign financial accounts are reporting their holdings accurately.
What information must be reported on 6897-f?
Taxpayers must report the maximum value of each foreign financial account during the year, the account number, the name of the financial institution where the account is held, and the country where the account is located.
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