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BYZ062015166 08351501111N5061 O 08351501111N5061
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What is 5 20 m?
5 20 m is a form used by individuals to report foreign financial accounts.
Who is required to file 5 20 m?
Any individual who has a financial interest in or signature authority over foreign financial accounts must file 5 20 m.
How to fill out 5 20 m?
5 20 m can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of 5 20 m?
The purpose of 5 20 m is to report foreign financial accounts and help prevent tax evasion.
What information must be reported on 5 20 m?
5 20 m requires individuals to report the maximum value of their foreign financial accounts during the year.
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