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OAK PARKA guide to supporting diversity through good food and honest conversational PARK DINNER AND DIALOGUE PROJECT SPONSORED BY THE COMMUNITY RELATIONS DEPARTMENT AND COMMUNITY RELATIONS Commission

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What is k park?

K park is a form filed with the IRS to report certain information on foreign bank accounts.

Who is required to file k park?

Any US person with financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the year.

How to fill out k park?

You can fill out the k park form electronically through the BSA E-Filing System.

What is the purpose of k park?

The purpose of the k park form is to prevent tax evasion by US persons using foreign bank accounts.

What information must be reported on k park?

You must report the name and address of the financial institution, the maximum value of the account during the year, and the account number.

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