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IT59 Department of Taxation and Finance Tax Forgiveness for Victims of the September 11, 2001, Terrorist Attacks (12/15) For help completing this form, see the instructions, Form IT59I. Decedents
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What is form it-59?
Form IT-59 is a tax form used for reporting foreign financial assets held by U.S. taxpayers.
Who is required to file form it-59?
U.S. taxpayers who have foreign financial assets exceeding certain thresholds are required to file form IT-59.
How to fill out form it-59?
Form IT-59 can be filled out online or through mail. Taxpayers must provide information about their foreign financial assets, including account numbers and the financial institution's information.
What is the purpose of form it-59?
The purpose of form IT-59 is to report foreign financial assets to the IRS and comply with U.S. tax laws.
What information must be reported on form it-59?
Taxpayers must report details about their foreign bank accounts, investments, and other financial assets on form IT-59.
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