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SETTLEMENT AGREEMENT 1.INTRODUCTION 1.1PartiesThis Settlement Agreement is entered into by and between Dennis Johnson (Johnson) and Gibson Overseas, Inc. (Gibson), with Johnson and Gibson each individually
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Johnson and Gibson Overseas refers to the reporting requirements for US citizens and residents with foreign financial accounts.
US citizens and residents who have foreign financial accounts exceeding certain thresholds are required to file Johnson and Gibson Overseas.
Johnson and Gibson Overseas can be filled out online through the IRS's electronic filing system or by mailing in a paper form.
The purpose of Johnson and Gibson Overseas is to report foreign financial accounts to the IRS for tax compliance and anti-money laundering purposes.
Information such as the account holder's name, address, account number, and maximum value of the account during the reporting period must be reported on Johnson and Gibson Overseas.
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