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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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What is nick b?
Nick b is a form used for reporting information about a taxpayer’s foreign bank accounts.
Who is required to file nick b?
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.
How to fill out nick b?
Nick b can be filled out electronically using the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of nick b?
The purpose of nick b is to prevent tax evasion by ensuring that taxpayers report their foreign bank accounts.
What information must be reported on nick b?
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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