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First Baptist Church of Highland Park Guiding Ministry 6801 Sheriff Road, Landover Maryland 20785 Pastor Henry P. Davis CONSENT TO TEST, COUNSEL OR CONDUCT THERAPY WITH A MINOR I, the undersigned,
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FBHP stands for Foreign Bank and Financial Accounts Report. It is a form required by the IRS to report foreign financial accounts held by US persons.
Any US person who has a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year must file FBHP.
FBHP can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System or by mailing a paper form to the IRS.
The purpose of FBHP is to prevent tax evasion by US persons using foreign financial accounts to hide income.
FBHP requires the reporting of the financial institution's name and address, the account number, the maximum value of the account during the year, and the country where the account is located.
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