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H O R I Z O N P O W E R E N G I N E E R I N G S C H O L AR S H I P
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What is h o r i?
HORI stands for Report of Foreign Bank and Financial Accounts, it is a form used to report foreign financial accounts to the US Department of Treasury.
Who is required to file h o r i?
US persons with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file HORI.
How to fill out h o r i?
HORI can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) BSA E-Filing System.
What is the purpose of h o r i?
The purpose of HORI is to combat tax evasion and money laundering by ensuring that US persons disclose their foreign financial accounts.
What information must be reported on h o r i?
HORI requires information such as the name of the foreign financial institution, the account number, and the maximum value of the account during the reporting period.
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