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INVITATION TO SUBMIT A PROPOSAL
for the provision of the services for implementation of Food and
Nutrition Security Enhancement Project (FAN SEP)
RFP No: FAO/FAN SEP/RFP001ISSUED ON: 07 September
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What is fansep?
Fansep stands for Foreign Account and Asset Separation.
Who is required to file fansep?
Individuals with foreign financial accounts exceeding $10,000 at any time during the year are required to file fansep.
How to fill out fansep?
Fansep can be filled out online through the IRS website or through a tax professional.
What is the purpose of fansep?
The purpose of fansep is to report foreign financial accounts and assets to the IRS.
What information must be reported on fansep?
Information such as account numbers, types of accounts, maximum value during the year, and the institution where the account is held must be reported on fansep.
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