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Form 990 I Department of me reason internal Revenue Service Return of Organization Exempt From Income Tax Under section 501(e), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit

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What is o n a n?

O N A N stands for Report of Foreign Bank and Financial Accounts (FBAR), which is used to report a financial interest in or signature authority over a foreign financial account.

Who is required to file o n a n?

Any United States person, including citizens, residents, and entities, who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year must file FBAR.

How to fill out o n a n?

FBAR can be completed online through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing system.

What is the purpose of o n a n?

The purpose of FBAR is to combat tax evasion by ensuring that taxpayers with foreign financial accounts comply with reporting requirements.

What information must be reported on o n a n?

FBAR requires information about the taxpayer, the foreign financial accounts, and the maximum value of each account during the reporting period.

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