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Russell A. Cotton Scholarship (4year college/university & 2 year vocational school) Russell A. Cotton embraced a vision of scholastic excellence. He devoted countless hours of work to develop quality
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What is ru s s e?
Ru s s e stands for Report of Foreign Bank and Financial Accounts.
Who is required to file ru s s e?
Any United States person who has a financial interest in or signature authority over foreign financial accounts.
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Ru s s e can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
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The purpose of ru s s e is to report foreign financial accounts to the IRS in order to combat tax evasion.
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Information such as the account number, name of the financial institution, and maximum value of the account during the reporting period.
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