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Richard Reiter Partner Richard.Reiter@fisherbroyles.com Direct: 914.523.2976 445 Park Avenue New York, New York 10022 www.FisherBroyles.comJune 28, 2023 Via EMail: Idtheft@oag.state.md.us Attorney
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Direct 914 is a form used for reporting certain types of financial transactions and information related to foreign financial accounts.
Individuals and entities that have foreign financial assets exceeding certain thresholds are required to file direct 914.
To fill out direct 914, you need to provide information about the foreign accounts, including account numbers, financial institutions, and the maximum values of the accounts during the reporting period.
The purpose of direct 914 is to ensure compliance with tax laws by reporting foreign financial assets to prevent tax evasion and increase transparency.
Direct 914 requires reporting details such as the type of foreign financial accounts, account numbers, bank names, maximum account balances, and the owners of the accounts.
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