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TOLEDO COMMUNITY FOUNDATION, INC. C. B. and Sophie T. Miller Caddie Scholarship 2013-2014 Information Sheet PURPOSE: To encourage educational achievement by providing annual post-secondary scholarships

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What is and sophie t?

Sophie t is a tax form used to report information about foreign financial accounts.

Who is required to file and sophie t?

U.S. persons who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file and sophie t.

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And and sophie t can be filled out electronically on the IRS website or through a tax preparation software.

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The purpose of and sophie t is to combat tax evasion by requiring taxpayers to disclose foreign financial accounts.

What information must be reported on and sophie t?

Information such as the account number, name of financial institution, and maximum value of the account during the year must be reported on and sophie t.