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Net income taxable to fiduciary item 15 less item 16 --------------------------------------------------------------- COMPUTATION OF TAX 18. Estimated life used in accumulating remaining life from beginning of year 9. Depredation allowable this year 1. Assets fully depreciated in use at end of year allowed or allowable in prior years 6. Remaining cost or other basis to be recovered 7. Page 1 F orm 1041 T re a s u r y D e p a rtm e n t In tern a l R ev en u e S erv ice Do Not Use These Spaces...
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What is t re a s?
t re a s stands for Report of Foreign Bank and Financial Accounts.
Who is required to file t re a s?
US persons including individuals, corporations, partnerships, trusts, and estates with financial interest in or signature authority over foreign financial accounts must file t re a s.
How to fill out t re a s?
t re a s can be filed electronically through FinCEN's BSA E-Filing system.
What is the purpose of t re a s?
The purpose of t re a s is to report foreign financial accounts and help prevent tax evasion.
What information must be reported on t re a s?
t re a s requires the reporting of the account number, name of the financial institution, type of account, and maximum value of the account during the year.
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