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MAKING A D I F FER E NC E IN B R I ST OF, C T MARCH 2014 IN THIS ISSUE: Upcoming Career Job Fairs..............................1 US Family Healthily Q & A Session................2 PTSD Discussion
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What is differ?
Differ stands for Department of International Financial Electronic Reporting.
Who is required to file differ?
Entities with foreign accounts or assets totaling more than $10,000 at any time during the year are required to file differ.
How to fill out differ?
Differ can be filled out electronically using the online portal provided by the IRS.
What is the purpose of differ?
The purpose of differ is to report foreign financial accounts and assets to the IRS to ensure compliance with tax laws.
What information must be reported on differ?
Information such as account numbers, financial institution details, and the highest value of the account during the year must be reported on differ.
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