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FIN 305.001: Fall 2017FIN 305.001: Business Finance (CRN: 50918) Fall 2017 Instructor: Office: Office Phone: Office Hours:Email:I. Dr. Minsk Yang BE 2079 (812) 465 7120 Mondays & Wednesdays: 10:00
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Fin 305 is a form used for reporting specific financial information to the relevant regulatory authority, typically related to foreign financial accounts.
Individuals and entities with financial interests in or signature authority over foreign financial accounts that meet certain thresholds are required to file Fin 305.
Fin 305 must be filled out by providing accurate information about foreign financial accounts, including account numbers, bank names, addresses, and the maximum balance for the year.
The purpose of Fin 305 is to ensure compliance with federal laws regarding foreign financial accounts and to prevent tax evasion through proper disclosure.
Fin 305 requires reporting of account numbers, financial institutions, addresses of foreign accounts, account balances, and details about the account holder.
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