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What is 2go2go?
2go2go is a financial reporting form used to report certain information about foreign financial accounts.
Who is required to file 2go2go?
Individuals, businesses, and trusts with foreign financial accounts meeting certain threshold requirements are required to file 2go2go.
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2go2go can be filled out electronically using specific software provided by the IRS or manually by completing the form and mailing it in.
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The purpose of 2go2go is to help the IRS track and combat tax evasion related to foreign financial accounts.
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Information such as the account owner's name, account number, financial institution's name, and maximum value of the account during the reporting year must be reported on 2go2go.
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