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T H O M A S J. WAS S O N S C H O O L O F E N G I N E E R I N G A N D A P P L I E D S C I E N C E ELECTRICAL AND COMPUTER ENGINEERING ACCELERATED PROGRAM: COMBINED BS/MS DEGREE 2 DEGREES IN 5 YEARS
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THOM stands for Tax Haven and Offshore Management. It is a reporting form used to disclose information about offshore bank accounts.
Individuals or entities with offshore bank accounts or assets are required to file THOM.
THOM can be filled out online through the designated tax authority's website or by submitting a physical form.
The purpose of THOM is to prevent tax evasion by ensuring that individuals and entities disclose their offshore assets and bank accounts.
Information such as bank account details, account balances, and any income generated from offshore assets must be reported on THOM.
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