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City of Arlington Council Agenda Bill Item: NB #5 Attachment F COUNCIL MEETING DATE: September 8, 2015, SUBJECT: Resolution Declaring Property As Surplus ATTACHMENTS: Exhibit A and draft resolution
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NB 5 F refers to the form used to report foreign bank accounts to the IRS.
Any US person who has a financial interest in or signature authority over foreign bank accounts must file NB 5 F.
NB 5 F must be filled out accurately and completely, including information about the foreign bank accounts and the filer's relationship to them.
The purpose of NB 5 F is to report foreign bank accounts to the IRS in order to comply with US tax laws and prevent tax evasion.
The filer must report detailed information about each foreign bank account, including the account number, name of the financial institution, and maximum value of the account during the year.
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