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COUNCIL MEMBERSMAYORThomas J. Tom Anderson II Barbara BlainBellamyWilliam M. Goldfinch IV Shane HubbardMAYOR PRO TEM Ashley Spitfire DEPARTMENT Larry A. White Jean M. TimbesSTRIVING FOR EXCELLENCEREQUEST
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Tom Anderson II is a tax form used to report information about certain financial accounts held outside of the United States.
U.S. persons, including citizens, residents, and certain non-residents, who have a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file Form Tom Anderson II.
Tom Anderson II can be filled out electronically on the IRS website or by mailing a paper form to the IRS. It requires information about the account holder, the foreign financial institution, and details about the account itself.
The purpose of Tom Anderson II is to combat tax evasion by ensuring that U.S. persons with foreign financial accounts report their holdings to the IRS.
Information such as the account holder's name, address, account number, the name and address of the foreign financial institution, and the maximum value of the account during the reporting period must be reported on Form Tom Anderson II.
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