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Land Trust Excellence & Advancement ProgramAPPLICATION Deadline November 30, 2011The purpose of this application is to provide the Land Trust Excellence & Advancement Program (LEAP) Review Committee
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Section I - US refers to a specific section of a form that requires U.S. persons to report certain information related to foreign financial assets.
U.S. persons, including citizens and residents, who have foreign financial assets that exceed certain thresholds are required to file Section I - US.
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The purpose of Section I - US is to ensure compliance with U.S. tax laws by reporting foreign financial assets to the IRS.
Information that must be reported includes the type of foreign assets, their maximum values during the year, and details about accounts and entities holding those assets.
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