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SF Tlingit & Haida Community Council February 2011 Newsletter CALENDAR OF EVENTS 2011 Please put the dates in your calendar, and see below for more details FEBRUARY 26 & 27 SCOTT FULTON, HAIDA ARTIST
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SFTHCC stands for Statement of Foreign Financial Assets Held by Controlled Corporations (SFTHCC).
Any controlled corporation that holds foreign financial assets with an aggregate value exceeding $50,000 is required to file SFTHCC.
SFTHCC can be filled out electronically using the e-filing system provided by the IRS or through a paper form sent to the IRS.
The purpose of SFTHCC is to report foreign financial assets held by controlled corporations to the IRS.
The information reported on SFTHCC includes the type and value of foreign financial assets held by the controlled corporation.
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