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Island of the Blue DolphinsSailors Knots Grade Level Middle School: Sixth Grade through Eighth Grade Subject Literacy and Language Art, Social Studies Common Core Standards 6.RI.7, 68.RH.2, 68.RH.3,

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What is island of form blue?

Island of form blue is a financial reporting form used to report assets held in foreign accounts.

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U.S. citizens, residents, and entities with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file island of form blue.

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Island of form blue can be filled out electronically through the FinCEN BSA E-Filing System.

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Information such as the account number, name and address of the foreign financial institution, and the maximum value of the account during the reporting period must be reported on island of form blue.

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