Client is a manager of an American based security company in North Africa he and a few others have signature authority of a local account. The account exceeds $10,000 do all the people that can sign checks must file form.
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If they are US citizens or Residents, I think the answer is "yes". -
Yes
Had similar situation. My client, an employee, had signature authority over an account held by the employer. Every year they prepared a foreign bank reporting form and gave it to me. I assume they did this for each employee who had signature authority on that account.Comment
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Did you know you can find info on IRS site - important issue that is being addressed in past few years.
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