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2750 Monroe Boulevard Audubon, PA 194032497 Pauline Foley Assistant General Counsel 610.666.8248 Fax 610.666.8211 Pauline. Foley PM.com November 25, 2015, Honorable Kimberly D. Bose, Secretary Federal
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What is 8248 fax 610?
8248 fax 610 is a form used by taxpayers to report certain foreign financial accounts to the Internal Revenue Service (IRS).
Who is required to file 8248 fax 610?
Individuals, businesses, and other entities that have foreign financial accounts with a total value exceeding $10,000 at any time during the calendar year are required to file 8248 fax 610.
How to fill out 8248 fax 610?
8248 fax 610 can be filled out electronically using the FinCEN's BSA E-Filing System. Taxpayers need to provide information about their foreign financial accounts, including account numbers, types, and maximum values.
What is the purpose of 8248 fax 610?
The purpose of 8248 fax 610 is to combat tax evasion and money laundering by requiring taxpayers to disclose their foreign financial accounts to the IRS.
What information must be reported on 8248 fax 610?
Taxpayers must report the maximum value of each foreign financial account during the calendar year, as well as other identifying information such as account numbers and types.
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