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From: Mr. Bright Philip info×UN.org Sent: Monday, November 27, 2017 5:37 PM To: jean. Packard×law.Ohio.edu Subject: UNITED NATIONS COMPENSATION IN CONJUNCTION WITH FEDERAL GOVERNMENT OF UNITED STATES OF
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Bright Philip is a tax form used to report information about certain financial accounts held by U.S. taxpayers.
U.S. taxpayers who have specified foreign financial assets that exceed certain thresholds are required to file Bright Philip.
Bright Philip can be filled out electronically or on paper. Taxpayers must provide information about their foreign financial assets as required by the form.
The purpose of Bright Philip is to help the IRS identify taxpayers who may not be reporting income from foreign financial accounts.
Taxpayers must report detailed information about their foreign financial assets, including account numbers, types of accounts, and maximum values during the reporting period.
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