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F ran k l i n Covey h an s i m p ac t e d m i l l i o n s of l i ve s AR o u n d t h e to r l d.
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What is f ra n k?
FRA N K stands for Foreign Bank Account Report, used to report foreign financial accounts to the IRS.
Who is required to file f ra n k?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts.
How to fill out f ra n k?
File FinCEN Form 114 electronically through the BSA E-Filing System.
What is the purpose of f ra n k?
To prevent tax evasion by U.S. persons holding foreign financial accounts.
What information must be reported on f ra n k?
Information about the foreign financial accounts, including maximum value during the year.
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