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KENTUCKY REGISTRY OF ELECTION FINANCE140 WALNUT STREET, FRANKFORT, KENTUCKY 406013240 (502) 5732226 / FAX (502) 5735622 www.kref.ky.gov1. Committee Name:This Space for Registry Use Nonpolitical Party
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What is fax 502?
Fax 502 is a form used to report foreign bank and financial accounts to the IRS.
Who is required to file fax 502?
U.S. persons with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
How to fill out fax 502?
Fax 502 can be filled out electronically through the FinCEN BSA E-filing system.
What is the purpose of fax 502?
The purpose of fax 502 is to report foreign bank and financial accounts to the IRS to help prevent tax evasion.
What information must be reported on fax 502?
Information such as account numbers, the name and address of the financial institution, and the maximum value of the account during the reporting period must be reported on fax 502.
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