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What is fbcodessa?
FBcodessa is a tax form used to report foreign bank and financial accounts.
Who is required to file fbcodessa?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
How to fill out fbcodessa?
FBcodessa can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of fbcodessa?
The purpose of FBcodessa is to prevent tax evasion by ensuring that U.S. persons report their foreign financial accounts.
What information must be reported on fbcodessa?
Information such as the name of the foreign financial institution, the account number, the maximum value of the account during the year, and the type of account.
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