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Agenda Item:NB5bMeeting Date:02/21/13MEMORANDUM To:City Commissioner:Denise M. Schlemiel, City Clerk 'date:February 15, 2013Subject:HAMMOCK ADVISORY COMMITTEERecommend:Reappoint regular members Steve
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What is nb-5b?
nb-5b is a form used for reporting foreign trust activities to the IRS.
Who is required to file nb-5b?
US persons with authority over a foreign trust are required to file nb-5b.
How to fill out nb-5b?
nb-5b can be filled out electronically through the IRS website or by mailing a paper form.
What is the purpose of nb-5b?
The purpose of nb-5b is to report information about foreign trust activities to the IRS.
What information must be reported on nb-5b?
Information such as the trust's name, address, and financial activities must be reported on nb-5b.
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