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Sign in to the NUPortal at nuportal.northwestern.edu 2. Click the Staff or Faculty tab Finance and Budget tab and then click the Login to PeopleSoft link from the left navigation pane. PeopleSoft General Ledger FMS713 and FMS714 Searching for Actuals Journals This training guide describes the process of using PeopleSoft search pages to find ACTUALS journals that have been entered into the General Ledger. 7/1/2008 2008 Northwestern University GL713 and GL714 Determining which Search Tool to...
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fms713 and fms714 are forms used for reporting foreign bank and financial accounts to the Internal Revenue Service (IRS) in the United States.
Any U.S. person who has 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 is required to file fms713 and fms714.
The forms can be filled out online on the FinCEN website or through specialized software provided by tax professionals. Detailed instructions are provided on the IRS website.
The purpose of these forms is to combat tax evasion and money laundering by tracking and reporting foreign financial accounts held by U.S. persons.
The forms require information such as the account holder's personal details, the name and location of the financial institution, and the highest balance in the account during the reporting period.
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