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DATE:TO:Bank ManagerFROM: Helene RobertsonDirectorRE:Opening Bank Account for I am writing in my capacity as the Director of the International Student and Scholar Services at The Catholic University
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Tobank manager is a financial form or document used to report a taxpayer's foreign bank accounts.
U.S. citizens, residents, and certain non-resident aliens are required to file a tobank manager if they have a financial interest in or signature authority over foreign bank accounts.
Tobank manager can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of tobank manager is to combat money laundering, tax evasion, and other financial crimes by requiring taxpayers to disclose their foreign bank accounts.
Taxpayers must report the highest balance in each foreign bank account during the reporting period, as well as the account number and the name and address of the financial institution.
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