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P.O. Box 970 Downers Grove, IL 605150970 WORD: 256314 ACCESS#: 256314 BROKER PROPERTY ANALYSIS and VALUE Date 08/19/2008 Broker Firm Name REM Corp. Address PO Box 9130 City, State, Zip Downers Grove,
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Rem Corp stands for Report of Foreign Bank and Financial Accounts, which is a form used by US persons to report their financial interest in or authority over foreign financial accounts.
Any US person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year is required to file rem corp.
Rem Corp can be filed electronically through the Financial Crimes Enforcement Network's Bank Secrecy Act e-filing system. The form requires information about the account holder, the account itself, and any financial institution holding the account.
The purpose of rem corp is to prevent tax evasion and money laundering by US persons using foreign accounts to hide assets and income from the IRS.
Rem Corp requires information such as the account number, name and address of the financial institution, maximum value of the account during the year, and the type of account.
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