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WISCONSIN PAINTERS & SCULPTORS / WISCONSIN ARTISTS IN ALL MEDIA March April 2004 www.ArtInWisconsin.com featured artist King BAE I was born in Seoul, Korea and spent my childhood in a small town.

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What is kiyong bae?

Kiyong Bae is a form used by taxpayers to report foreign financial accounts.

Who is required to file kiyong bae?

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.

How to fill out kiyong bae?

Kiyong Bae can be filled out electronically using the FinCEN BSA E-Filing System.

What is the purpose of kiyong bae?

The purpose of kiyong bae is to combat tax evasion and money laundering by tracking foreign financial accounts held by U.S. persons.

What information must be reported on kiyong bae?

Information such as the account number, name of the financial institution, maximum value of the account during the year, and the country where the account is located must be reported on kiyong bae.

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