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Grassroots F U N D R A I S E R HOSTED BY IRIS Kraków & GINGER WOODRIDGE SUNDAY, SEPTEMBER 9, 2012 4:00 6:00 P.M. M ET R O P O L I TA N K I TC H E N & L O U N G E 169 WEST STREET ANNAPOLIS, MARYLAND
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What is f u n d?
F U N D stands for Foreign Bank and Financial Accounts Report, it is a report filed by US persons who have a financial interest in or signature authority over foreign financial accounts.
Who is required to file f u n d?
US persons, including citizens, residents, and entities, who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year, are required to file F U N D.
How to fill out f u n d?
F U N D is typically filed electronically through the FinCEN website using the FinCEN Form 114. The form requires detailed information about the foreign financial accounts held by the filer.
What is the purpose of f u n d?
The purpose of F U N D is to combat tax evasion and money laundering by ensuring that US persons report their foreign financial accounts and comply with reporting requirements.
What information must be reported on f u n d?
F U N D requires filers to disclose the maximum value of each foreign financial account during the reporting period, the name and address of the foreign financial institution where the account is held, and other identifying information.
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