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This version of the form is not currently in use and is provided for reference only. Download this version of
Form DFPI-523
for the current year.
Form DFPI-523 Foreign Bank Report of Income - California
What Is Form DFPI-523?
This is a legal form that was released by the California Department of Financial Protection and Innovation - a government authority operating within California. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form DFPI-523?
A: Form DFPI-523 is the Foreign Bank Report of Income for California.
Q: Who needs to file Form DFPI-523?
A: Individuals or businesses that have accounts in foreign banks and earn income from those accounts in California.
Q: What information is required on Form DFPI-523?
A: The form requires information about the foreign bank account, including the account number, the name of the bank, and the amount of income earned.
Q: When is the deadline for filing Form DFPI-523?
A: The deadline for filing Form DFPI-523 is typically April 15th of each year.
Q: Are there any penalties for not filing Form DFPI-523?
A: Yes, there can be penalties for not filing Form DFPI-523, so it is important to comply with the filing requirements.
Q: Is Form DFPI-523 only for residents of California?
A: No, Form DFPI-523 is for individuals or businesses that earn income from foreign bank accounts in California, regardless of their residency.
Q: Do I need to include proof of income with Form DFPI-523?
A: No, you do not need to include proof of income with Form DFPI-523, but you should keep records of your income in case of an audit.
Form Details:
- Released on June 1, 2021;
- The latest edition provided by the California Department of Financial Protection and Innovation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form DFPI-523 by clicking the link below or browse more documents and templates provided by the California Department of Financial Protection and Innovation.
Download Form DFPI-523 Foreign Bank Report of Income - California
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