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Nick B. Possum Private Eyebrow the World Wide Web and the pages of the Sydney City Hub Rumors of Bruce PLUS A Christmas card from Bruce AND The Great Crusade Nick B. Possum Private Eye www.brushtail.com.au 1Nick
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Nick b is a form used for reporting information about a taxpayer’s foreign bank accounts.
Any U.S. person with a financial interest in or signature authority over foreign bank accounts totaling more than $10,000 at any time during the year is required to file nick b.
Nick b can be filled out electronically using the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of nick b is to prevent tax evasion by ensuring that taxpayers report their foreign bank accounts.
Nick b requires the reporting of the maximum value of the account during the year, the name of the financial institution, the account number, and the foreign country where the account is located.
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