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Menuhin k.NET SolutionMenuLink.NET Key Reports GuideContents PURPOSE .................................................................................................... 2 Cost Management Reports
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Menulin K is a form used to report certain tax information related to foreign bank accounts.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with a total aggregate value exceeding $10,000 at any time during the calendar year.
Menulin K can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of Menulin K is to report foreign bank accounts and financial interests in order to prevent tax evasion and money laundering.
Information such as the name and address of the foreign financial institution, the type of account, the maximum value of the account during the year, and the account number.
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