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STAT EOF PLATFORM 3DEPARTMENTOF NATURALRESOURCESDIVISIONOF OIL, GAS AND MININGAMENDED REPORT (highlight changes)APPLICATION FOR PERMIT TO DRILL DRILL1A. TYPE OF WORK:B. TYPE OF WELL:OILREENTERGASSINGLE
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What is 59 y y a?
59 y y a is a form used for reporting information about assets located outside of the United States.
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Any U.S. person who has a financial interest in, or signature authority over, foreign financial accounts must file 59 y y a.
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You can fill out 59 y y a online or by mailing a paper form to the IRS. Make sure to provide all the required information about your foreign financial accounts.
What is the purpose of 59 y y a?
The purpose of 59 y y a is to report foreign financial accounts and help the IRS identify potential tax evasion or non-compliance.
What information must be reported on 59 y y a?
You must report the maximum value of each foreign financial account during the year, as well as information about the account holder and the financial institution where the account is held.
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