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STATEOFNEWHAMPSHIRE DepartmentofHealthandHumanServices DivisionforChildren, YouthandFamilies SununuYouthServicesCenter Form2197 August2013 VULNERABILITY ASSESSMENT INSTRUMENT: Risk of Victimization
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Employers or organizations responsible for employee onboarding or work authorization may use form 2197 to collect necessary information from their employees.
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What is form 2197?
Form 2197 is a tax form used by individuals to report information about their foreign financial accounts.
Who is required to file form 2197?
Any individual 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 form 2197.
How to fill out form 2197?
Form 2197 can be filled out electronically or by paper. The form requires information such as the account number, name and address of the financial institution, and the maximum value of the account during the year.
What is the purpose of form 2197?
The purpose of form 2197 is to report foreign financial accounts to the IRS in order to prevent tax evasion and promote compliance with foreign account reporting requirements.
What information must be reported on form 2197?
The form requires reporting the account number, name and address of the financial institution, type of account, and the maximum value of the account during the year.
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