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April 13, 2016, IMPACT OF THE FEDERAL PROTECTING AMERICANS FROM TAX HIKES ACT OF 2015 ON NORTH CAROLINA CORPORATE AND INDIVIDUAL INCOME TAX RETURNS FOR TAX YEAR 2015 North Carolina's corporate income

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What is protecting americans from tax?

Protecting Americans from Tax is a law that aims to prevent tax evasion by requiring certain individuals to report their foreign financial accounts.

Who is required to file protecting americans from tax?

U.S. citizens, resident aliens or anyone with a foreign financial account exceeding certain thresholds must file Protecting Americans from Tax.

How to fill out protecting americans from tax?

The form for Protecting Americans from Tax is FinCEN Form 114, also known as the Report of Foreign Bank and Financial Accounts (FBAR). It can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.

What is the purpose of protecting americans from tax?

The purpose of Protecting Americans from Tax is to prevent tax evasion by ensuring that individuals report their foreign financial accounts to the U.S. government.

What information must be reported on protecting americans from tax?

Information such as the maximum account balance during the year, the type of account, the name and address of the financial institution, and the account number must be reported on Protecting Americans from Tax.

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