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FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the
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What is 20549 report of foreign?
The Form 20549, also known as the Report of Foreign Bank and Financial Accounts (FBAR), is a report required by the US Department of Treasury to report foreign financial accounts.
Who is required to file 20549 report of foreign?
US persons, including US citizens, residents, and entities, who have a financial interest in or signatory authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year, are required to file the 20549 report of foreign.
How to fill out 20549 report of foreign?
The 20549 report of foreign can be filed electronically through the FinCEN's BSA E-Filing system. The form requires information about the filer, the financial accounts being reported, and any other relevant details.
What is the purpose of 20549 report of foreign?
The purpose of the 20549 report of foreign is to prevent tax evasion and money laundering by providing the US government with information about foreign financial accounts held by US persons.
What information must be reported on 20549 report of foreign?
The 20549 report of foreign requires information such as the name and address of the account holder, the account number, the name and address of the financial institution, and the maximum value of the account during the reporting year.
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