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TA K I N G CA R E O F YO U R S T U C C O Like any building material, stucco needs occasional care to keep its appearance fresh and clean. Here are a few simple things you can and should do to keep

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What is ta k i n?

Ta k i n is a form used to report certain foreign financial accounts to the IRS.

Who is required to file ta k i n?

U.S. persons, including individuals, corporations, partnerships, and trusts, who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds.

How to fill out ta k i n?

Ta k i n can be filled out electronically using the FinCEN BSA E-Filing System.

What is the purpose of ta k i n?

The purpose of ta k i n is to help detect and prevent tax evasion by providing information about foreign financial accounts held by U.S. persons.

What information must be reported on ta k i n?

The report must include the name of the account holder, the account number, the name and address of the foreign financial institution, and the maximum value of the account during the reporting period.

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