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Form “ B 990-EZ Short Form Return of Organization Exempt From Income Tax OMB No. 1545 – 11 50 003 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit

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What is quot b?

quot b is a form used for reporting specified foreign financial assets.

Who is required to file quot b?

Any U.S. person who has an interest in specified foreign financial assets and meets the reporting threshold is required to file quot b.

How to fill out quot b?

quot b can be filled out electronically through the IRS website or by mailing a paper copy.

What is the purpose of quot b?

The purpose of quot b is to help prevent tax evasion by providing the IRS with information about foreign financial assets.

What information must be reported on quot b?

Information such as the type of asset, its maximum value during the tax year, and information about the financial institution where the asset is held must be reported on quot b.

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