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Registration Register at www.fbccola.com/worshipartscamp or complete both sides of this form and return it with your camp fee to First Baptist Church Music Office, 1306 Hampton Street, Columbia, SC
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FBCCOLA stands for Foreign Bank and Financial Accounts Report for Cola. It is a form required by the IRS for reporting foreign financial accounts over a certain threshold.
Any US 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 year must file FBCCOLA.
FBCCOLA can be filled out electronically through the FinCEN BSA E-Filing System or by mailing a paper form to the IRS. The form requires information about the account, account holder, and the financial institution.
The purpose of FBCCOLA is to combat tax evasion and money laundering by ensuring that US persons report their foreign financial accounts to the IRS.
FBCCOLA requires the reporting of the account number, name and address of the financial institution, type of account, and maximum value of the account during the year.
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