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HIS Exit Version 6 (042018) For ALL project type Go to www.coloradohmis.org Documents & Forms Tab to obtain the latest documents and forms. HEAD OF HOUSEHOLD INFORMATION (FOR AGENCY USE ONLY) Program
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What is 1- exit?
1- exit is a form used to report foreign financial accounts.
Who is required to file 1- exit?
United States persons with ownership or signature authority over foreign financial accounts.
How to fill out 1- exit?
1- exit can be filled out online by using the FinCEN Form 114.
What is the purpose of 1- exit?
The purpose of 1- exit is to prevent tax evasion through undisclosed foreign financial accounts.
What information must be reported on 1- exit?
Information such as the account number, financial institution name, and maximum balance of the foreign financial account.
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