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TRADITIONAL IRA CONTRIBUTION DIRECTION (FORM 2315) Please Print or Type Credit Union Name QUID (Credit union will complete.) - - - Social Security Number IRA Owner s Name (First, Initial, Last) IRA
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What is uefcu?
UEFCU stands for Foreign Bank and Financial Accounts Report (FBAR), a report that must be filed by 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.
Who is required to file uefcu?
US persons including citizens, residents, and entities that have a financial interest in or signature authority over foreign financial accounts exceeding $10,000 in aggregate value.
How to fill out uefcu?
The FBAR must be submitted electronically through the FinCEN BSA E-Filing System. Detailed instructions for completing the FBAR form can be found on the FinCEN website.
What is the purpose of uefcu?
The purpose of the FBAR is to combat money laundering, tax evasion, and other financial crimes by providing the US government with information about foreign financial accounts held by US persons.
What information must be reported on uefcu?
The FBAR requires reporting the maximum value of each foreign financial account during the calendar year, the account number, name on the account, the financial institution's name and address, and other pertinent information.
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