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2nd Grade Homework Date: Thurs. Feb. 16 ReadingMath1. Read My First American Friend1. Study p. 151152 2. Complete p. 157160Spelling/ Vocabulary2. Use the attached Sequencing and Comparing and Contrasting

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What is read my first american?

Read My First American is a document used to report foreign financial accounts to the IRS.

Who is required to file read my first american?

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.

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You can fill out the Read My First American form electronically using the FinCEN Form 114 (FBAR) on the BSA E-Filing System.

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The purpose of Read My First American is to combat tax evasion by ensuring that U.S. persons accurately report their foreign financial accounts.

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The form requires information about the account holder, the financial institution where the account is held, and details about the account itself, including the maximum value during the year.