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Form 4170 (12/18)Declaration of Inmate Filing insert name of court; for example, United States District Court for the District of Minnesota In re-insert debtor name, Plaintiff v. Case No. , Defendant
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What is form 4170 1218?
Form 4170 1218 is a tax form used to report foreign bank accounts.
Who is required to file form 4170 1218?
US citizens and residents with foreign financial accounts totaling more than $10,000 at any time during the year are required to file form 4170 1218.
How to fill out form 4170 1218?
Form 4170 1218 can be filled out electronically or by paper. Taxpayers must report the highest balance of each foreign account during the year and provide additional information about the accounts.
What is the purpose of form 4170 1218?
The purpose of form 4170 1218 is to help the IRS identify individuals who may be evading taxes by hiding money in foreign accounts.
What information must be reported on form 4170 1218?
Taxpayers must report the name and address of the foreign financial institution, the account number, the maximum value of the account during the year, and the account type.
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