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What is breckenridge american?

Breckenridge American is a form used to report foreign bank and financial accounts to the Internal Revenue Service (IRS).

Who is required to file breckenridge american?

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 Breckenridge American.

How to fill out breckenridge american?

Breckenridge American can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website using the Bank Secrecy Act E-Filing System.

What is the purpose of breckenridge american?

The purpose of Breckenridge American is to detect and deter tax evasion by U.S. persons who use foreign financial accounts to hide their income and assets.

What information must be reported on breckenridge american?

Breckenridge American requires the reporting of the account holder's personal information, the name and address of the financial institution where the account is held, and the maximum value of the account during the calendar year.