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River Forest Community School Corporation JOHN I. MISTER ELEMENTARY SCHOOL 3300 JAY STREET PHONE: (219× 9621103 FAX: (219× 9621459 RELEASE OF INFORMATION TO FORMER SCHOOL: ADDRESS: PHONE×FAX: RE:
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RFCSC stands for Report of Foreign Bank and Financial Accounts. It is a form required by the U.S. government to report foreign bank and financial accounts.
Any U.S. 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 is required to file RFCSC.
RFCSC can be filed electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of RFCSC is to combat tax evasion and money laundering by ensuring that U.S. persons report their foreign financial accounts.
RFCSC requires the filer to provide information about each foreign financial account, including the account number, name and address of the financial institution, and the maximum value of the account during the reporting period.
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