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THE CITY OF NEW YORK DEPARTMENT OF FINANCE nyc.gov/finance FP M PRINT OR TYPE M Name ANNUAL REPORT OF FIRE PREMIUMS TAX DO NOT WRITE IN THIS SPACE FOR OFFICIAL USE ONLY UPON FOREIGN AND ALIEN INSURERS
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What is upon foreign and alien?
Upon foreign and alien refers to the requirement for individuals to report their foreign financial assets to the IRS.
Who is required to file upon foreign and alien?
U.S. citizens, resident aliens, and certain nonresident aliens are required to file upon foreign and alien if they meet the reporting threshold.
How to fill out upon foreign and alien?
Individuals can fill out Form 8938, Statement of Specified Foreign Financial Assets, to report their foreign financial assets.
What is the purpose of upon foreign and alien?
The purpose of upon foreign and alien is to promote tax compliance by ensuring that individuals report their foreign financial assets.
What information must be reported on upon foreign and alien?
Individuals must report the value of their specified foreign financial assets, as well as any income generated from those assets.
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