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FormReturn of Organization Exempt From Income Tax990Department of the Treasury
Internal Revenue ServicePISapplicable
AddressSpecific
Instruct men’m
Amended
return
Q DG,onJ7 L×770Number and street
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What is o renm?
O RENM stands for Report of Foreign Bank and Financial Accounts. It is a form used by US persons to report their financial interest in foreign financial accounts.
Who is required to file o renm?
US persons, including individuals, corporations, partnerships, trusts, and estates, who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year, are required to file o renm.
How to fill out o renm?
O RENM can be filled out electronically using the FinCEN BSA E-Filing system. The form requires information about the account holder, the financial institution, and details about the foreign financial account.
What is the purpose of o renm?
The purpose of o renm is to combat money laundering, tax evasion, and other financial crimes by providing the US government with information about foreign financial accounts held by US persons.
What information must be reported on o renm?
O RENM requires information about the account holder's personal and contact details, the foreign financial institution's details, and information about the account itself, including the maximum value of the account during the reporting period.
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