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What is rdal?
RDAL stands for Report of Foreign Bank and Financial Accounts. It is a form used by taxpayers to report foreign financial accounts.
Who is required to file rdal?
US taxpayers who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file RDAL.
How to fill out rdal?
RDAL can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website. Taxpayers must provide information about their foreign financial accounts, including account numbers and maximum values during the year.
What is the purpose of rdal?
The purpose of RDAL is to combat tax evasion by providing the US government with information about foreign financial accounts held by US taxpayers.
What information must be reported on rdal?
RDAL requires taxpayers to report the maximum value of their foreign financial accounts during the year, as well as information about the financial institution where the account is held.
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