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City of Cottonwood 816 N. Main St. Cottonwood, Arizona 85326 (928) 6340060 Summary of Transaction Privilege Tax Code This information is intended to provide general information about the Cottonwood

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What is 816 n?

816 n is a form used for reporting information about foreign financial accounts to the IRS.

Who is required to file 816 n?

U.S. persons who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file 816 n.

How to fill out 816 n?

816 n can be filled out online through the BSA E-Filing system provided by the Financial Crimes Enforcement Network (FinCEN).

What is the purpose of 816 n?

The purpose of 816 n is to help prevent tax evasion by providing the IRS with information about foreign financial accounts held by U.S. persons.

What information must be reported on 816 n?

Information such as the account number, name and address of the financial institution, and the maximum value of the account during the reporting period must be reported on 816 n.

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