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WILLIAM P. GORMAN FORT BANKS SCHOOL STUDENT & PARENT HANDBOOK A GUIDE TO SCHOOL POLICIES AND PROCEDURES20212022Student/Parent Handbook William P. Gorman Fort Banks Elementary School 101 Kennedy Drive
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William P. Gormanfort Banks is a financial form used to report foreign bank accounts held by U.S. taxpayers.
Any U.S. taxpayer who has a financial interest in or signature authority over foreign bank accounts totaling more than $10,000 at any time during the year is required to file the William P. Gormanfort Banks form.
The William P. Gormanfort Banks form, also known as Form TD F 90-22.1, can be filled out online or submitted via mail. Taxpayers are required to provide information about their foreign bank accounts, including the account number, name of the financial institution, and maximum value of the account during the reporting period.
The purpose of the William P. Gormanfort Banks form is to help the U.S. government identify and track funds held in foreign bank accounts by U.S. taxpayers, in order to prevent tax evasion and money laundering.
Taxpayers must report the account number, name of the financial institution, type of account, and maximum value of the account during the reporting period on the William P. Gormanfort Banks form.
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