Get the free F U T U R E - South Gwinnett High School

Registration forms will be provided at the Informational Meeting (November 10) and available on the SUMC website after that date. Registration must be completed and returned no later than December

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What is f u t u?

FUTU stands for Foreign Bank and Financial Accounts Report.

Who is required to file f u t u?

Any U.S. person who has a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds must file FUTU.

How to fill out f u t u?

FUTU can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.

What is the purpose of f u t u?

The purpose of FUTU is to report foreign financial accounts held by U.S. persons to prevent tax evasion and money laundering.

What information must be reported on f u t u?

FUTU requires reporting the maximum value of each foreign account during the reporting period, the name of the financial institution, and the account number.