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E/ECE/324/Rev.2/Add.114/Rev.1E/ECE/TRANS/505/Rev.2/Add.114/Rev.1 21 August 2013 Agreement Concerning the Adoption of Uniform Technical Prescriptions for Wheeled Vehicles, Equipment and Parts which

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What is 114rev - unece?

114rev - unece is a form used to report information on foreign bank accounts, assets, and income to the Internal Revenue Service (IRS) in the United States.

Who is required to file 114rev - unece?

Any U.S. 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 calendar year is required to file 114rev - unece.

How to fill out 114rev - unece?

114rev - unece must be filed electronically through the BSA E-Filing system provided by the Financial Crimes Enforcement Network (FinCEN). Detailed instructions for filing can be found on the IRS website.

What is the purpose of 114rev - unece?

The purpose of 114rev - unece is to prevent tax evasion and money laundering by ensuring that U.S. persons report their foreign financial accounts to the IRS.

What information must be reported on 114rev - unece?

The form requires the reporting of information such as the account number, name and address of the foreign financial institution, and the maximum value of the account during the year.