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Page 1 of 6 Approved: March 10, 2010, Effective: March 2010 South wood Shared Resource Center Topic No.: OP635 John M. Wade Executive Director Chair SSR Board of Trustees SSR LEVEL II BACKGROUND INVESTIGATION
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The John Wade SSRC form is a form used to report foreign financial accounts.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year is required to file the John Wade SSRC form.
The John Wade SSRC form can be filled out electronically on the Department of Treasury's website by providing information about the foreign financial accounts.
The purpose of the John Wade SSRC form is to prevent tax evasion by ensuring that U.S. persons with foreign financial accounts report their assets to the IRS.
The John Wade SSRC form requires reporting of the account holder's identifying information, the name and address of the financial institution where the account is held, and the maximum value of the account during the year.
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