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R E 4465 U S 1705 i o UE a d c t NC m n RTG e u AI. F o 4 English proficiency (see note 4) a) How do you intend to demonstrate that you have met Us English language proficiency requirements (www.uq.edu.au/international/englishlanguagequeenslandyear12equivalents)?.
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U.S. 1705 refers to a specific Internal Revenue Service form used for reporting foreign financial accounts.
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 U.S. 1705.
U.S. 1705 can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System, following the instructions provided on the form.
The purpose of U.S. 1705 is to report foreign financial accounts held by U.S. persons in order to prevent tax evasion, money laundering, and other financial crimes.
U.S. 1705 requires the reporting of the account owner's identification information, the account number, the name and address of the financial institution where the account is held, and the maximum value of the account during the reporting period.
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