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IS141390Chairperson and Community Board Members
PAEKKRIKI COMMUNITY BOARD18 NOVEMBER 2014
Meeting Status: Public
Purpose of Report: For DecisionCONSIDERATION OF FUNDING APPLICATIONS
PURPOSE OF REPORT
1.
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What is is-14-1390?
is-14-1390 is a form used for reporting information related to foreign bank accounts.
Who is required to file is-14-1390?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file is-14-1390.
How to fill out is-14-1390?
You can fill out is-14-1390 online or by mailing a paper form to the IRS. Make sure to provide accurate information regarding your foreign financial accounts.
What is the purpose of is-14-1390?
The purpose of is-14-1390 is to report foreign financial accounts to the IRS in order to prevent tax evasion and promote transparency.
What information must be reported on is-14-1390?
Information such as the name and address of the foreign financial institution, the type of account held, and the maximum value of the account during the reporting period must be reported on is-14-1390.
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