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SIGMA Summer Information 2016www. S KBR inch.org 903.266.3300Index Welcome from Linda S. Paul .......................................................................................................................................3 Welcome
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Skyr anch is a tax form used to report foreign financial accounts.
Individuals or entities with foreign financial accounts exceeding a certain threshold must file skyr anch.
Skyr anch can be filled out electronically or by mail, providing information about the account holder and the foreign financial account.
The purpose of skyr anch is to report foreign financial accounts to the IRS and prevent tax evasion.
Information such as account numbers, account balances, and the location of the foreign financial accounts must be reported on skyr anch.
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