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R E U E LLP CLIFFORD & GARDEN, JOHN M.CLIFFORD BILLIE CORNER GAR.DE.* STEPIjANIE1. Bryant* 'I707 L STREET, N.W. SUITE 500 WASHINGTON, D.C.20036 (202)2898990 FAX (202)2898992 www.cliffordgarde.comcase
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What is r e u e?
r e u e stands for Report of Foreign Bank and Financial Accounts. It is a form required by the United States Department of the Treasury to report foreign financial accounts over a certain threshold.
Who is required to file r e u e?
U.S. persons with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file r e u e.
How to fill out r e u e?
r e u e can be filed electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of r e u e?
The purpose of r e u e is to combat money laundering and tax evasion by providing the government with information on foreign financial accounts held by U.S. persons.
What information must be reported on r e u e?
r e u e requires information such as the name of the financial institution where the account is held, the account number, the maximum value of the account during the year, and the country where the account is located.
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