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PARA DIP PORT TRUST PARA DIP 754 142, ODISHA (INDIA)ADMINISTRATIVE DEPARTMENT No. AD/RSCI212/2013(Pt. I)/3487Dated, the 4th Oct., 2017ADVERTISEMENT Para dip Port Trust, an ISO9001:2008 certified organization,
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i3487 is a form used by certain individuals to report their foreign bank accounts to the IRS.
Any U.S. person who has 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 is required to file i3487.
i3487 can be filled out electronically through the FinCEN BSA E-Filing System or by mailing a paper form to the IRS.
The purpose of i3487 is to help prevent tax evasion by individuals who hold assets in foreign financial accounts.
i3487 requires the filer to provide information about the foreign financial accounts they have an interest in or signature authority over, including the account number, financial institution, and maximum value during the year.
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