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Welcome to AOSIS 2020 2021! We're so happy that you've chosen to be part of our organization and to help celebrate and perpetuate the important work done in our overseas schools. The AOSIS Quarterly
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The Review of American Overseas refers to a required report for U.S. citizens and residents who have financial interests in foreign accounts, typically to ensure compliance with U.S. tax laws and to report offshore assets.
U.S. citizens, resident aliens, and certain non-residents who have financial interests in or signature authority over foreign financial accounts, and whose aggregate value exceeds a specified threshold, are required to file this review.
To fill out the Review of American Overseas, individuals need to gather information about all foreign financial accounts, complete the required forms accurately, and ensure that all necessary documentation is attached before submission.
The purpose of the Review of American Overseas is to prevent tax evasion by ensuring transparency regarding foreign financial accounts and assets held by U.S. persons.
Individuals must report details such as the maximum value of foreign accounts during the year, account numbers, financial institution names, and their relationship to the account holder.
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