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New York State Department of Taxation and Finance FT420 Refund Application for Farmers Purchasing Motor Fuel (9/00) Tax Law Articles 12A, 13A, 28 and 29 Use this form only for motor fuel (not diesel
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FT-420 is a form used to report transactions involving foreign currency and foreign currency derivatives.
Individuals, businesses, and financial institutions who conduct transactions involving foreign currency and foreign currency derivatives are required to file FT-420.
FT-420 can be filled out online or through a paper form. It requires information on the parties involved in the transaction, the amount of currency exchanged, and the date of the transaction.
The purpose of FT-420 is to monitor and track transactions involving foreign currency and foreign currency derivatives to prevent money laundering and other illegal activities.
Information such as the names of the parties involved, the amount of currency exchanged, the date of the transaction, and the purpose of the transaction must be reported on FT-420.
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