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For Publication SUPREME COURT OF THE VIRGIN ISLANDS NICOLE SIOBHAN CANTON Appellant/Defendant, v. PEOPLE OF THE VIRGIN ISLANDS Appealed/Plaintiff. VIRGIL LEON CANTON Appellant/Defendant, v. PEOPLE
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Virgil Leon Nanton is a tax form used to report foreign financial accounts.
Any US 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.
Virgil Leon Nanton can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of Virgil Leon Nanton is to prevent money laundering and tax evasion by US persons with foreign financial accounts.
The form requires information such as the account holder's name, address, account number, and the highest value of the account during the year.
The deadline to file Virgil Leon Nanton in 2024 is April 15th.
The penalty for the late filing of Virgil Leon Nanton can be up to $10,000 per violation.
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