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Service, Support, SolutionsSatisfaction F O U RT H Q U A RT E R O C TO B E R D E C E M B E R 2 0 1 2 BSA briefings... FINANCIAL MANAGEMENT As we grow, we are adding new, high quality development,
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What is f o u rt?
F o u rt stands for Foreign Bank Account Report, which is a form required by the IRS to report foreign financial accounts.
Who is required to file f o u rt?
U.S. persons with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file f o u rt.
How to fill out f o u rt?
F o u rt can be filled out online through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing system.
What is the purpose of f o u rt?
The purpose of f o u rt is to combat tax evasion and money laundering by providing the IRS with information about foreign financial accounts held by U.S. persons.
What information must be reported on f o u rt?
F o u rt requires reporting the account holder's name, account number, financial institution's name and address, and the highest balance in the account during the reporting period.
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