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BE A PART OF THEW EEK R E S TA You are A N T R E C R U I T M E N T3333 E Camelback Rd., Suite 285, Phoenix, AZ 85018 / 602.307.9134 ArizonaRestaurantWeek.com2016 Arizona Restaurant Week Dates: Spring
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r e s ta stands for Report of Foreign Bank and Financial Accounts. It is a form required by the U.S. Department of the Treasury to report foreign bank accounts over a certain threshold.
Any U.S. person with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year is required to file r e s ta.
r e s ta can be filled out electronically using the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of r e s ta is to combat tax evasion and money laundering by tracking foreign financial accounts held by U.S. persons.
r e s ta requires the reporting of the account holder's identifying information, the account number, the name and address of the foreign financial institution, and the maximum value of the account during the reporting period.
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