Instructions For Shedule B (Form 1040) - Interest And Ordinary Dividents Page 2
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1
2•
You were an officer or employee of a
If you are required to file Form
Part III. Foreign
90-22.1 but do not do so, you
commercial bank that is supervised by the
Comptroller of the Currency, the Board of
may have to pay a penalty of up
Accounts and Trusts
to $10,000 (more in some
Governors of the Federal Reserve System,
or the Federal Deposit Insurance Corpora-
cases).
tion; the account was in your employer’s
Line 7b
name; and you did not have a personal fi-
Lines 7a and 7b
nancial interest in the account.
If you checked the “Yes” box on line 7a,
•
Foreign Accounts
enter the name of the foreign country or
You were an officer or employee of a
countries in the space provided on line 7b.
domestic corporation with securities listed
Attach a separate statement if you need
on national securities exchanges or with
Line 7a
more space.
assets of more than $1 million and 500 or
more shareholders of record; the account
Check the “Yes” box on line 7a if either (1)
was in your employer’s name; you did not
or (2) below applies.
have a personal financial interest in the ac-
Line 8
1. You own more than 50% of the stock
count; and the corporation’s chief financial
in any corporation that owns one or more
officer has given you written notice that the
Foreign Trusts
foreign bank accounts.
corporation has filed a current report that
2. At any time during 2005 you had an
If you received a distribution from a for-
includes the account.
eign trust, you must provide additional in-
interest in or signature or other authority
See Form TD F 90-22.1 to find out if
over a financial account in a foreign coun-
formation. For this purpose, a loan of cash
you are considered to have an interest in or
try (such as a bank account, securities ac-
or marketable securities generally is con-
signature or other authority over a financial
count, or other financial account).
sidered to be a distribution. See Form 3520
account in a foreign country (such as a bank
for details.
account, securities account, or other finan-
For line 7a, item (2) does not
If you were the grantor of, or transferor
cial account). You can get Form TD F
apply to foreign securities held
TIP
to, a foreign trust that existed during 2005,
90-22.1 by visiting the IRS website at
in a U.S. securities account.
you may have to file Form 3520.
If you checked the “Yes” box on line 7a,
Exceptions.
Check the “No” box if any of
file Form TD F 90-22.1 by June 30, 2006,
the following applies to you.
with the Department of the Treasury at the
•
The combined value of the accounts
address shown on that form. Do not attach
was $10,000 or less during the whole year.
it to Form 1040.
•
The accounts were with a U.S. mili-
tary banking facility operated by a U.S.
financial institution.
B-2
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