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D e c e m b e r 2 0 11SDS Family Report R o a d Law Justice e m J a c k s o n L a w O ff i c e sTheToStarts Hara c I dreamt is l y L ANW r s i DG i poor m c EE N e C g Lea cl DT C u SI NT OS Du yr
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ROAD 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 financial accounts.
Any U.S. person, including citizens, residents, and entities, with foreign financial accounts exceeding certain thresholds is required to file the Report of Foreign Bank and Financial Accounts (ROAD)
ROAD can be filled out online through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing system. You will need to provide information about your foreign financial accounts, including the account number, value, and country where the account is held.
The purpose of the Report of Foreign Bank and Financial Accounts (ROAD) is to combat tax evasion and money laundering by ensuring that U.S. persons report their foreign financial accounts to the government.
On the Report of Foreign Bank and Financial Accounts (ROAD), you must report the maximum value of each foreign financial account during the calendar year, as well as the account number, name on the account, and country where the account is held.
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