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Proposal:1670 Federal Reserve Actions to Support Interbank Settlement of Faster PaymentsDescription: Comment ID:134411From:DHI Computing Service Inc., David HarrisProposal:1670 Federal Reserve Actions
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134411 form is a tax form used for reporting foreign bank and financial accounts.
Any U.S. person with a financial interest in, or signature authority over, foreign financial accounts whose aggregate value exceeds $10,000 at any time during the calendar year is required to file Form 134411.
Form 134411 can be filled out electronically or on paper. The form requires information about the account holder, the foreign financial institution, and details about the foreign account such as the maximum value during the year.
The purpose of Form 134411 is to report foreign financial accounts to the U.S. government to prevent tax evasion and money laundering.
Information such as the account holder's name, address, account number, type of account, and maximum value of the account during the calendar year must be reported on Form 134411.
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