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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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What is nb 5 f?
NB 5 F refers to the form used to report foreign bank accounts to the IRS.
Who is required to file nb 5 f?
Any US person who has a financial interest in or signature authority over foreign bank accounts must file NB 5 F.
How to fill out 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.
What is the purpose of nb 5 f?
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.
What information must be reported on nb 5 f?
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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