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What is rnijt of?

rnijt of stands for Report of Foreign Bank and Financial Accounts. It is a disclosure form required by the Internal Revenue Service (IRS) to report foreign financial accounts.

Who is required to file rnijt of?

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 rnijt of.

How to fill out rnijt of?

rnijt of can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website using the BSA E-Filing system.

What is the purpose of rnijt of?

The purpose of rnijt of is to prevent tax evasion by U.S. persons using offshore accounts and to track funds held overseas.

What information must be reported on rnijt of?

rnijt of requires the disclosure of the account holder's personal information, the name and address of the foreign financial institution, the account number, and the maximum account value during the reporting period.

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