Report a cash account and income from the cash account in Part 6.

For You, Your Spouse, and Your Dependent Children

Part 6

Aggregate all of the cash accounts at a single financial institution that belong to you, your spouse, or your dependent children.  Report the cash accounts if the total value of the accounts was more than $5,000 at the end of the reporting period or if more than $200 in total income was received during the reporting period.  Note that the value threshold for cash accounts is higher than that of other assets.

Description:  For accounts held at a bank, credit union, or other similar financial institution in the United States, identify that the account is a cash account held in the United States and identify the type of financial institution.  For accounts held in U.S. financial institutions, you may provide the name of the financial institution but do not have to do so.  You must have an entry for each U.S. financial institution where there are reportable accounts.  If you have accounts at multiple financial institutions, identify the accounts as “U.S. bank #1 (cash)” and “U.S. bank #2 (cash)” and so on.

For an account held at a foreign bank or financial institution, write the name of the bank and indicate that it is a cash account.

Do not provide account numbers for any cash account.

EIF:  Select “N/A.”

Value:  Report the value of the account(s) by selecting the appropriate category.

Income Type:  Specify the type(s) of income if the total amount of income received during the reporting period exceeded $200.  The type of income is usually “interest” for bank accounts.

Income Amount:  Select the category corresponding to the total amount of income received during the reporting period.

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