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COUNCIL OF THE EUROPEAN UNION Brussels, 1 February 2007Interinstitutional File: 2006/0269 (CNS)DS 75/07MEETING DOCUMENT from: General Secretariat to: delegations No. Coin prop.: doc. 16715/06 COM(2006)
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Who needs ds 7507?

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DS 7507 is needed by individuals who are applying for a nonimmigrant visa to the United States.

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DS 7507 is a form used by the IRS to report foreign financial accounts.
US persons 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.
DS 7507 can be filled out electronically or by mail. The form requires information about the account holder, account details, and financial institution.
The purpose of DS 7507 is to report foreign financial accounts to the IRS in compliance with the Bank Secrecy Act.
Information such as account holder's name, address, foreign financial institution's name and address, account number, and maximum value of the account during the year.
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