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SAMPLE PAGES www.portageandmainpress.com Ontario Hanson social studies An Inquiry Approach Grade 4 Series Editor Jennifer Lawson Project Consultant Byron Stevenson Writers Paula Gross Byron Stevenson
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Paula Grosso is a tax form used by individuals to report foreign financial accounts.
US citizens and residents, including those with dual citizenship, 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.
Paula Grosso can be filled out online through the FinCEN website or by submitting a paper form to the Financial Crimes Enforcement Network.
The purpose of Paula Grosso is to combat money laundering and tax evasion by collecting information on foreign financial accounts held by US persons.
Information such as the account holder's name, address, the name and address of the foreign financial institution, the type of account, and the maximum account value during the reporting period must be reported on Paula Grosso.
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