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Table 1. Farms, Land in Farms, and Land Use: Farms with sales of $2,500 and overall farms 19691974All forms number 1974 and 1969783826Forms with sales of $2,500 and overall forms19741969618623land

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What is 20 20 i?

20 20 i refers to the Internal Revenue Service (IRS) form used for reporting foreign bank and financial accounts.

Who is required to file 20 20 i?

Any United States 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 is required to file 20 20 i.

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Form 20 20 i can be filled out electronically through the FinCEN BSA E-Filing System.

What is the purpose of 20 20 i?

The purpose of 20 20 i is to combat tax evasion and money laundering by providing the IRS with information about foreign financial accounts held by US persons.

What information must be reported on 20 20 i?

Information such as the maximum value of the account during the year, the account number, the name of the financial institution, and the account holder's identifying information must be reported on 20 20 i.

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