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VI14
EXTRAMURAL LY FUNDED RESEARCH
(Revised 04×13)
Payment During the Academic Year
During the academic year a faculty member may not use grant funds to earn in excess of his or her regular 100%
salary.
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Who needs vi-14?
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What is vi-14?
VI-14 is a form used for reporting foreign bank and financial accounts.
Who is required to file vi-14?
Any U.S. person with 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.
How to fill out vi-14?
VI-14 can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by mailing a paper form to the address provided on the form.
What is the purpose of vi-14?
The purpose of VI-14 is to report foreign bank and financial accounts to the U.S. government in order to combat money laundering and other financial crimes.
What information must be reported on vi-14?
VI-14 requires information such as the name and address of the foreign financial institution, the account number, the maximum value of the account during the year, and the type of account.
When is the deadline to file vi-14 in 2024?
The deadline to file VI-14 in 2024 is April 15, 2025.
What is the penalty for the late filing of vi-14?
The penalty for the late filing of VI-14 can range from $250 to $10,000 depending on the circumstances and may also include criminal penalties.
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