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Albuquerque International Balloon Fiesta October 69, 2017 Dating back more than four decades, the first week in October has brought the smell of roasting Chile and the beautiful, magical moving picture
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International balloon refers to a form used to report information on certain foreign financial accounts.
U.S. persons who have 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.
The international balloon form can be filled out online using the FinCEN BSA E-Filing system.
The purpose of the international balloon form is to report foreign financial accounts to the IRS to help prevent tax evasion.
The form requires information about the account holder, the foreign financial institution, and details about the account itself.
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