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S.22(1’s.22(1)Yours truly, Barbara J. Van Fraser, BA Director, Access to Information Barbara. Vanfraassen@vancouver. Ca 453 W. 12th Avenue Vancouver BC V5Y 1V4 Phone: 604 .873.7999 Fax: 604.873.7419:cf
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What is s221?
S221 is a tax form used to report specified foreign financial assets.
Who is required to file s221?
Individuals and certain entities with specified foreign financial assets that meet the reporting threshold.
How to fill out s221?
You can fill out s221 online or by mailing a paper copy to the IRS.
What is the purpose of s221?
The purpose of s221 is to report specified foreign financial assets to the IRS.
What information must be reported on s221?
Information such as the type of asset, maximum value during the tax year, and the country where the asset is located.
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