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Dear Rep./Sen. My name is, and I am a constituent of yours from. Enclosed, please find a copy of an article from Access Press, a newspaper dedicated to sharing the news of the disability community
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What is repsen?
Repsen stands for Report of Foreign Bank and Financial Accounts. It is a form required by the US government to collect information on foreign financial accounts.
Who is required to file repsen?
US persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file repsen.
How to fill out repsen?
Repsen can be filed electronically through the Financial Crimes Enforcement Network (FinCEN) website by providing information about the foreign financial accounts.
What is the purpose of repsen?
The purpose of repsen is to prevent tax evasion and money laundering by US persons using foreign accounts to hide income.
What information must be reported on repsen?
Repsen requires reporting the account number, name and address of the foreign financial institution, and the maximum value of the account during the reporting period.
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