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Confession 16 Pierre Mare de Rabat Confession of Pierre Mare, of Rabat The year of the Lord 1320, the 21st of April. Since it has come to the attention of the Reverend Father in Christ my lord Jacques,

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What is confession 16?

Confession 16 is a report that discloses a taxpayer's foreign financial accounts to the government.

Who is required to file confession 16?

U.S. taxpayers who have 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 are required to file confession 16.

How to fill out confession 16?

Confession 16 can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website by providing information about the foreign financial accounts.

What is the purpose of confession 16?

The purpose of confession 16 is to prevent tax evasion and money laundering by ensuring that U.S. taxpayers report their foreign financial accounts.

What information must be reported on confession 16?

Confession 16 requires taxpayers to report the maximum value of each foreign financial account during the year, the account number, the name of the financial institution where the account is held, and other identifying information.

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