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H O W T O C R E AT E A N O V E R L A F O R
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What is h o w t?
H O W T stands for Report of Foreign Bank and Financial Accounts.
Who is required to file h o w t?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 must file H O W T.
How to fill out h o w t?
H O W T must be filled out electronically through the FinCEN website.
What is the purpose of h o w t?
The purpose of H O W T is to report foreign financial accounts to the U.S. government to combat tax evasion and money laundering.
What information must be reported on h o w t?
Information such as the account number, name of financial institution, maximum account value during the year, and more must be reported on H O W T.
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