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21 Sep 2016 ... 64892. Federal Register/Vol. 81, No. 183/Wednesday, September 21, 2016/Notices and 214 of the Commission's. Regulations (18 CFR 385.211 and.385.214) on or before 5:00 p.m. Eastern
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What is and 214 of form?
214 form is a form used for reporting foreign bank accounts held by US taxpayers.
Who is required to file and 214 of form?
US taxpayers who have financial interest in or signature authority over foreign bank accounts with an aggregate value exceeding $10,000.
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The form can be filled out online or submitted by mail to the IRS with the required information about the foreign bank accounts.
What is the purpose of and 214 of form?
The purpose of the form is to report foreign bank accounts to the IRS in order to prevent tax evasion and money laundering.
What information must be reported on and 214 of form?
Information such as the name and address of the foreign bank, the account number, and the maximum account balance during the reporting period must be reported.
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