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MIF I AGENDA l!.f r z., ROSEBURG VISITORS AND CONVENTION COMMISSION TUESDAY, FEBRUARY 21, 2012 4:00 P.M. CITY HALL CONFERENCE ROOM (Third Floor) FOR PURPOSES OF ENSURING A QUORUM, BOARD MEMBERS ARE
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What is f r z?
F R Z stands for Foreign Bank and Financial Accounts Report, a report filed with the US Treasury Department to disclose foreign financial accounts.
Who is required to file f r z?
US persons who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file F R Z.
How to fill out f r z?
F R Z can be filled out electronically using the Treasury Department's online FinCEN Form 114 website.
What is the purpose of f r z?
The purpose of F R Z is to combat tax evasion and money laundering by ensuring that US persons report their foreign financial accounts to the government.
What information must be reported on f r z?
F R Z requires information such as the maximum value of each foreign financial account during the year, the account number, and the name of the financial institution where the account is held.
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