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What is d fepa?
D FEPA stands for Foreign Bank and Financial Accounts Report, a form required by the IRS to report foreign financial accounts held by US taxpayers.
Who is required to file d fepa?
US taxpayers who meet the filing threshold for foreign financial accounts must file d fepa.
How to fill out d fepa?
D FEPA can be filled out electronically through the BSA E-Filing System or by completing Form 114 and mailing it to the IRS.
What is the purpose of d fepa?
The purpose of d FEPA is to combat tax evasion by ensuring that US taxpayers report their foreign financial accounts.
What information must be reported on d fepa?
D fepa requires reporting the maximum value of each foreign financial account during the year, the account number, the name on the account, and the financial institution's information.
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