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R O W E C LAR K MAT H & S C I E N C EA CAD E M Y
2327 February 2015
NEWSLETTER #25
Internships are Coming
Happiness is a journey not a destination.
Author unknown.
Summer Internship Application
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What is r o w e?
ROW E stands for Report of Foreign Bank and Financial Accounts.
Who is required to file r o w e?
Any United States person who has a financial interest in or signature authority over foreign financial accounts must file a Report of Foreign Bank and Financial Accounts (ROW E).
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To fill out ROW E, individuals must provide information about the foreign financial accounts they have an interest in or signature authority over. This includes details such as the account number, name of the foreign financial institution, and maximum value of the account during the reporting period.
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The purpose of ROW E is to help prevent tax evasion by ensuring that individuals report their foreign financial accounts to the Internal Revenue Service (IRS).
What information must be reported on r o w e?
Information that must be reported on ROW E includes details of the foreign financial accounts held by the individual, such as the account number, name of the foreign financial institution, and maximum value of the account during the reporting period.
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