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THE BOARD OF SUPERVISORS OF THE COUNTY OF STANISLAUS BOARD ACTION SUMMARY DEPT:Behavioral Health & Recovery ServicesBOARD AGENDA:6.B.2 AGENDA DATE: May 21, 2024SUBJECT: Approval of an Amendment to
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What is levine act?
The Levine Act is a federal law that requires certain individuals or entities to report investments in foreign accounts.
Who is required to file levine act?
US citizens, resident aliens, and certain nonresident aliens who have foreign financial accounts exceeding certain thresholds are required to file Levine Act.
How to fill out levine act?
To fill out Levine Act, individuals must submit Form 8966 to the IRS, providing information about their foreign financial accounts.
What is the purpose of levine act?
The purpose of Levine Act is to combat tax evasion and ensure that individuals are accurately reporting their foreign financial accounts.
What information must be reported on levine act?
Information such as the account number, financial institution name, account balance, and annual maximum value must be reported on Levine Act.
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