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201415 Award Year Verification of Child Support Paid Your FAFSA was selected for verification of Child Support Paid by the Department of Education. You or your parent, depending on your dependency
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What is you or?
You or stands for Report of Foreign Bank and Financial Accounts (FBAR), it is a form required to be filed by US persons who have a financial interest in or signature authority over foreign financial accounts.
Who is required to file you or?
Any US person who meets the FBAR filing requirements must file the Report of Foreign Bank and Financial Accounts (FBAR). This includes US citizens, residents, entities, and certain non-residents.
How to fill out you or?
The FBAR form (FinCEN Form 114) can be filled out electronically on the FinCEN website. You will need to provide information about your foreign financial accounts and the maximum value of each account during the reporting period.
What is the purpose of you or?
The main purpose of FBAR is to combat tax evasion and money laundering by US persons who have financial interests in foreign financial accounts. It helps the US government track and prevent illicit financial activities.
What information must be reported on you or?
You must report the maximum value of each foreign financial account you have during the reporting period, as well as provide details about the account such as the account number, the name of the financial institution, and the account type.
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