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What is paul sclodnick?

Paul Sclodnick is a tax form used to report foreign financial accounts.

Who is required to file paul sclodnick?

Individuals who have a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the year.

How to fill out paul sclodnick?

Paul Sclodnick can be filled out electronically through the FinCEN BSA E-Filing system or by mailing a paper form to the IRS.

What is the purpose of paul sclodnick?

The purpose of Paul Sclodnick is to combat tax evasion and money laundering by requiring individuals to report their foreign financial accounts.

What information must be reported on paul sclodnick?

The form requires information about the account holder, the financial institution where the account is held, and the highest balance in the account during the year.