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Bulletin d\'exploitation de l\'UIT www.itu.int/itut/bulletin No 1187 1. I.2020 (Restatements Zeus AU 13 December 2019) ISSN 1564524X (En line) Place DES Nations CH1211Genve 20 (Swiss)Tl:+41 22 730
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Who needs no 1187?

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No 1187 is required by individuals who are applying for a specific license, permit, or authorization that requires detailed personal information to be provided.

What is No 1187 Form?

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No 1187 is a form used by individuals to report their foreign bank and financial accounts.
Any individual who has foreign bank accounts with a total value exceeding $10,000 at any time during the year is required to file no 1187.
No 1187 can be filled out online through the IRS website or submitted by mail. The form requires information about the account holder, the financial institution, and the account balance.
The purpose of no 1187 is to report foreign bank and financial accounts to the IRS in compliance with tax regulations.
Information such as the account holder's name, account number, financial institution, and maximum value of the account during the year must be reported on no 1187.
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