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NONPROFIT U.S. POSTAGE PAID PERMIT NO. 259 FT. MYERS, FL This run on McGregor has been voted Lee Counties favorite. Joggers and walkers welcome! April 20 7 ::3 0 an m 7 30 am S an n c t Rio n e d
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259 ft refers to a form used for reporting foreign financial accounts.
US persons with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year need to file 259 ft.
Form 259 ft can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of 259 ft is to combat money laundering and tax evasion by requiring disclosure of foreign financial accounts.
Information such as the account holder's name, account number, financial institution's name and address, and maximum account value must be reported on 259 ft.
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