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Membership Agreement W W W. S O U T H L A K E B A P T I S T. C OM The South lake Baptist Church Membership Agreement is birthed out of our love for the church body and its individual members whom
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What is s o u t?
S O U T stands for Statement of Underlying Tax.
Who is required to file s o u t?
Any individual or entity that has a financial interest in a foreign financial account is required to file S O U T.
How to fill out s o u t?
S O U T can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website or by mailing in a paper form.
What is the purpose of s o u t?
The purpose of S O U T is to report foreign financial accounts to the IRS and disclose any income generated from those accounts.
What information must be reported on s o u t?
Information such as the account number, name and address of the financial institution, maximum value of the account during the year, and details of any income earned from the account must be reported on S O U T.
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