Get the free Newsletter 10 - 7 February 2014 - The Ridge Junior School - theridgeschool co uk mal...

THE RIDGE JUNIOR SCHOOL Newsletter 10 Friday 7th February 2014 Dear Parents and Carers I am delighted to be back at school after what has been a long illness with extended periods of hospitalization.

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What is newsletter 10 - 7?

Newsletter 10-7 is a form filed with the IRS to report foreign bank and financial accounts.

Who is required to file newsletter 10 - 7?

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 newsletter 10-7.

How to fill out newsletter 10 - 7?

Newsletter 10-7 can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by mailing a paper form to the IRS.

What is the purpose of newsletter 10 - 7?

The purpose of newsletter 10-7 is to prevent tax evasion and money laundering by tracking foreign financial accounts held by US persons.

What information must be reported on newsletter 10 - 7?

Newsletter 10-7 requires information about the account holder, the financial institution, and details about the foreign financial account.

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