Get the free F E B R U A R Y 2 0 1 6 - bWestmountb Elementary - westmount sd73 bc

West mount PAC F E B R U A R Y 2 0 1 6 DATES TO NOTE: FEBRUARY 15TH PAC MEETING 6:15 P.M. FEBRUARY 16TH SPEED CONTROL PERFORMANCE 11 A.M. FEBRUARY 18TH EARLY CLOSURE 12:30 P.M. FEBRUARY 19TH INSTRUCTIONAL

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What is f e b r?

febr stands for Foreign Bank and Financial Accounts Report. It is a report required by the IRS to report foreign financial accounts held by U.S. taxpayers.

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Any U.S. 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 f e b r.

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f e b r can be filled out online through the FinCEN Form 114 available on the BSA E-Filing System.

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The purpose of f e b r is to combat tax evasion by U.S. taxpayers with foreign financial accounts.

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Information such as the name of the foreign financial institution, account number, peak value of the account during the year, and the country where the account is held must be reported on f e b r.

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