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NY CDO NOT WRITE IN THIS SPACE FOR OFFICIAL USE ONLYANNUAL REPORT OF FIRE PREMIUMS TAX UPON FOREIGN AND ALIEN INSURERSFPFINANCE NEW YORK www.nyc.gov/financePRINT OR RECHECK THE APPLICABLE BOXES FINAL
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What is upon foreign and alien?
Upon foreign and alien refers to the requirement for individuals or entities to report any foreign financial accounts or interests in a foreign business on their tax returns.
Who is required to file upon foreign and alien?
US citizens, resident aliens, and certain nonresident aliens who have financial interest in or signature authority over foreign financial accounts must file upon foreign and alien.
How to fill out upon foreign and alien?
To fill out upon foreign and alien, individuals can use the Form 8938 provided by the IRS and report the required information about their foreign financial accounts.
What is the purpose of upon foreign and alien?
The purpose of upon foreign and alien is to prevent tax evasion by requiring individuals to report their foreign financial accounts and interests.
What information must be reported on upon foreign and alien?
Information such as the value of the foreign financial accounts, type of account, and income generated from those accounts must be reported on upon foreign and alien.
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