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IOWA d e p an r t m e NT of Eve n u e an n d F i n an n c e GENERAL INSTRUCTIONS WHO Are ELIGIBLE: The following IOWA RESIDENTS are eligible to file a claim for property tax credit if total household
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What is d e p a?
DEPA stands for Report on Foreign Bank and Financial Accounts, which is a form required by the U.S. Department of the Treasury to report foreign financial accounts.
Who is required to file d e p a?
U.S. citizens, residents, and certain non-residents who meet the filing requirements are required to file DEPA.
How to fill out d e p a?
DEPA can be filled out online through the FinCEN website or using certain tax software programs.
What is the purpose of d e p a?
The purpose of DEPA is to prevent tax evasion and money laundering by tracking foreign financial accounts held by U.S. taxpayers.
What information must be reported on d e p a?
DEPA requires information such as the name of the foreign financial institution, the account number, and the maximum value of the account during the year.
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