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STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF FLORIDA CONDOMINIUMS, TIMESHARES AND MOBILE HOMES IN RE: PETITION FOR ARBITRATION FRANCO CONDOMINIUM ASSOCIATION, INC.,
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What is flanco condominium?
Flanco condominium is a tax form that must be filed by certain individuals and businesses to report foreign financial accounts.
Who is required to file flanco condominium?
Any individual or business entity that has 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.
How to fill out flanco condominium?
Flanco condominium can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by filing paper forms by mail.
What is the purpose of flanco condominium?
The purpose of flanco condominium is to prevent tax evasion, money laundering, and other financial crimes by providing the government with information about foreign financial accounts held by U.S. taxpayers.
What information must be reported on flanco condominium?
Flanco condominium requires the disclosure of the account holder's personal information, account numbers, financial institutions, and the highest value of the account during the calendar year.
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