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10 f -23 c is a form used to report foreign financial accounts to the IRS.
Any U.S. person with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds is required to file 10 f -23 c.
10 f -23 c can be filled out electronically using the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of 10 f -23 c is to collect information about foreign financial accounts to help combat tax evasion.
Information such as the account holder's name, address, account number, and the highest balance of the account during the reporting period must be reported on 10 f -23 c.
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