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Florida General Baptist Convention, Inc. Dr. James B. Sampson, President P. O. Box 11706 Daytona Beach, FL 32120 Website: www.fgbci.org Florida General Baptist Congress of Christian Education Office
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What is fgbci?
Foreign Bank and Financial Accounts (FBGCI) is a report required by the IRS to be filed by US persons who have a financial interest in or signatory authority over foreign financial accounts.
Who is required to file fgbci?
US persons who have a financial interest in or signatory authority over foreign financial accounts are required to file FBGCI.
How to fill out fgbci?
FBGCI can be filled out online through the FinCEN BSA E-Filing System. The form requires information about the account holder, account details, and any income generated from the account.
What is the purpose of fgbci?
The purpose of FBGCI is to prevent tax evasion and money laundering by US persons through foreign financial accounts.
What information must be reported on fgbci?
FBGCI requires reporting of the account holder's name, account number, financial institution's name and address, and maximum account value during the reporting period.
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