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Olaf niCouatif___Coos County Land Use Permit Application SUBMIT TO coos COUNTY PLANNING DEPT. AT 60 E. SECOND STREET OR MAIL TO: COOS COUNTY PLANNING 250 N. BAXTER, COLVILLE OR 97423. EMAIL r/. I
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i mgaco stands for Individual Foreign Bank Account Compliance. It is a form required by the IRS to report foreign financial accounts.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year.
The form can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of i mgaco is to combat money laundering and tax evasion by ensuring that U.S. persons report their foreign financial accounts.
The form requires information such as the name and address of the account holder, the account number, the name of the foreign financial institution, and the maximum value of the account during the year.
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