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Use of the FMA Online Event Registration System for Athletes The FM World Tour is the official international circuit of amateur and professional Free ride Mountain Bike competitions in the disciplines
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The use of form FMBA is to report foreign bank and financial accounts to the IRS.
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.
Form FMBA can be filled out electronically through the FinCEN BSA E-Filing System.
The purpose of form FMBA is to prevent tax evasion by ensuring that U.S. persons report their foreign financial accounts.
The form requires reporting the name of the foreign financial institution, the account number, and the maximum account value during the reporting period.
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