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CS Posted Cert. Digitally signed by CS Posted Cert. DN: CNS Posted Cert., o, of, emailcspitzer NFL.edu, us Date: 2012.01.11 16:01:39 05 '00 CS Cert. Removed Digitally signed by CS Cert. Removed DN:
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X O O CD stands for Report of Foreign Bank and Financial Accounts (FBAR), which is used to report a financial interest in or signature authority over a foreign financial account.
Any United States person, including citizens, residents, and entities, 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, is required to file FBAR.
FBAR can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of FBAR is to combat tax evasion and promote transparency by requiring individuals to report their foreign financial accounts.
FBAR requires reporting the maximum value of each foreign financial account during the calendar year, the type of account, and information about the account holder.
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