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QUARTERLY STATEMENT OF THE AMERICAN UNITED LIFE INSURANCE COMPANY, a One America company OF Indianapolis IN THE STATE OF Indiana TO THE INSURANCE DEPARTMENT OF THE STATE OF FOR THE QUARTER ENDED MARCH
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Individuals who are required to file tax returns with the United States Internal Revenue Service (IRS) may need to fill out an American square. This includes U.S. citizens, resident aliens, and certain nonresident aliens who have income or other tax responsibilities in the U.S.
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One American square is a form filed with the U.S. government to report foreign financial accounts.
U.S. persons with foreign financial accounts exceeding certain thresholds are required to file one American square.
One American square can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of one American square is to combat money laundering, tax evasion, and other financial crimes.
One American square requires the reporting of details about foreign financial accounts, including the account number, name on the account, and maximum value during the reporting period.
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