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Name Date F or O? Fact or Opinion? Facts can be proven to be true with evidence. Opinions cannot be proven and are often based on personal perception. Directions: Read each sentence. Decide whether
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F or O Fact is a form used to report foreign financial accounts to the IRS.
U.S. persons with financial interest in or signature authority over foreign financial accounts are required to file F or O Fact.
F or O Fact can be filled out electronically using the FinCEN Form 114 online system.
The purpose of F or O Fact is to report foreign financial accounts and prevent tax evasion.
Information such as the name of the foreign financial institution, account number, and highest balance during the reporting period must be reported on F or O Fact.
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