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Caution cooking
with chef Adam Hayes SO
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I N T I 015
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T H OFFH87southern cast irony
photography by winter 2016ALICE DETERS
WHITNEY
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What is o ast i?
OASTI stands for the Report of Foreign Bank and Financial Accounts (FBAR), which is a form required by the United States Department of the Treasury.
Who is required to file o ast i?
Any individual or entity that has a financial interest in or signature authority over foreign financial accounts must file an FBAR.
How to fill out o ast i?
The FBAR form can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of o ast i?
The purpose of the FBAR is to combat tax evasion by ensuring that individuals report their foreign financial accounts.
What information must be reported on o ast i?
The FBAR requires individuals to report the maximum value of their foreign financial accounts during the calendar year.
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