
Get the free R e d i t unio n a t i o n a l c n awardf o r National
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N it H L NT UA N A EN N mu W T com THE aw National Credit Union Award for Community Economic Development op an on it union or of n at I read AR LC FI El ye co n o m i c dev TY FT Yes! Please consider
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REDI stands for Report of Foreign Bank and Financial Accounts. It is a form used to report foreign financial accounts.
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Any US person with financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
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The form can be filled out online or submitted by mail. It requires information about the account holder, financial institution, and details about the foreign account.
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The purpose of REDI is to prevent tax evasion by US persons who have foreign financial accounts and to provide information to the IRS about these accounts.
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Information such as account holder's name, account number, name of financial institution, account balance, and maximum value of the account during the year.
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