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USD 316 Board of Education Regular MEETING February 24, 2014, Golden Plains Elementary School Library 210 W. 6 Street, Seen, Kansas TH Members Present Others Present Call to Order Paul Brakeman Matt

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What is usd316?

USD316 is a form used for reporting foreign bank and financial accounts to the Internal Revenue Service (IRS) in the United States.

Who is required to file usd316?

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 is required to file USD316.

How to fill out usd316?

USD316 can be filled out online through the FinCEN BSA E-Filing System or by submitting a paper form to the IRS.

What is the purpose of usd316?

The purpose of USD316 is to help prevent tax evasion by US persons who hold foreign financial accounts.

What information must be reported on USD316?

Information such as the account holder's name, address, account number, type of account, and maximum value of the account during the year must be reported on USD316.

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