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National Archives Library25 SEP 1989Release71/AUG No.: 152/89/08/29SPEECH BY MR MAH BOWMAN, MINISTER OF STATE (TRADE & INDUSTRY) AND (COMMUNICATIONS & INFORMATION), AT THE PUBLIC UTILITIES BOARD (PUB)
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71aug is a form used to report information about foreign bank accounts.
US citizens and residents with foreign bank accounts exceeding certain thresholds are required to file 71aug.
The form can be filled out electronically and submitted online through the IRS website.
The purpose of 71aug is to report foreign financial accounts and comply with the Foreign Account Tax Compliance Act (FATCA).
The form requires information such as the account holder's name, account number, financial institution's name, and maximum account value during the reporting period.
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