Rev. June 2018
Form 8957 is a U.S. tax form used by Foreign Financial Institutions (FFIs) to register with the Internal Revenue Service (IRS) for FATCA reporting purposes. It requires FFIs to provide information about their organization, branches, responsible officer and expanded affiliated group.
Form 8957, also known as the 'Statement of Specified Foreign Financial Assets,' is a form used by U.S. taxpayers to report their specified foreign financial assets and file an FBAR (Report of Foreign Bank and Financial Accounts). This form is required for U.S. residents who have interests in foreign bank accounts, investments, or other financial assets worth more than $10,000 at any time during the tax year. It is used to comply with the Foreign Account Tax Compliance Act (FATCA), which aims to prevent tax evasion by U.S. citizens and residents with foreign financial accounts.
Form 8957 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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