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T H E H O M E TO W N N E W S PA P E R F O R M E N LO PA R K, AT H E RTO N, P O RTO L A VA L E Y A N D W O O D S I D EF E B R U A R Y 7, 2 0 1 8 VO L. 5 3 N O. 2 3W W. A L M A N AC N E W S. C O Memento
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f e b r stands for Foreign Bank and Financial Accounts Report.
U.S. persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file f e b r.
f e b r can be filled out electronically through FinCEN's BSA E-Filing system.
The purpose of f e b r is to report foreign financial accounts held by U.S. persons to the IRS.
f e b r requires information about the account holder, the foreign financial institution, and details about the account itself.
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