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Florida S Florida State Society Daughters of the American Revolution Donna G. Cullen, State Regent Virginia Davis, State Chairman 109 Monterey Way Royal Palm Beach, FL 33411-7802 Phone: (561)753 4972
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FSSDAR stands for Foreign Bank and Financial Accounts Report, it is a form used by US persons to report their foreign financial accounts to the IRS.
US persons who have 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 are required to file FSSDAR.
Filling out FSSDAR involves providing information about the foreign financial accounts, including the account numbers, the name of the financial institution, the maximum value of the account during the year, and other relevant details.
The purpose of FSSDAR is to combat tax evasion by ensuring that US persons report their foreign financial accounts and comply with US tax laws.
Information such as the account numbers, the name of the financial institution, the maximum value of the account during the year, and details about any foreign financial assets.
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