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BUSIEST 1 DEUTSCHE PFL EGE on Mon Euro n For a moon EF of R e r enc e C B1B2 ea OK p Prfungsvorbereitung www.telc.net BUSIEST 1 DEUTSCHE PFL EGE Prfungsvorbereitung B1B2 Dies Publication UND hire
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What is of r e r?
of r e r stands for Report of Certain Foreign Bank and Financial Accounts, also known as FBAR.
Who is required to file of r e r?
Any United States 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 calendar year.
How to fill out of r e r?
The FBAR form (FinCEN Form 114) must be filed electronically through the Financial Crimes Enforcement Network (FinCEN) BSA E-Filing System.
What is the purpose of of r e r?
The purpose of FBAR is to combat tax evasion and money laundering by identifying individuals who have financial accounts held outside of the United States.
What information must be reported on of r e r?
The FBAR requires reporting the maximum value of each foreign financial account during the year, the type of account, and information about the financial institution where the account is held.
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