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Plus Witteveen Bos is a tax form used to report foreign financial accounts.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value of over $10,000 at any time during the year is required to file Plus Witteveen Bos.
Plus Witteveen Bos can be filled out online on the IRS website or manually using the paper form provided by the IRS. It requires information about the foreign financial accounts and their values.
The purpose of Plus Witteveen Bos is to combat tax evasion by U.S. persons who use foreign accounts to hide assets and income.
Information such as the name and address of the foreign financial institution, the account number, and the maximum value of the account during the reporting period.
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