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RDA WRITTEN EXAM REVIEW SECTION 1: Patient Screening and Education TOPIC E: Education Part 2: PRE and Postoperative Inst. 1. What do we use as a guideline for our RDA4U review? 2. The DBC requires
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What is rda4u?
rda4u stands for Report of Foreign Bank and Financial Accounts (FBAR) and is a form used to report foreign financial accounts to the IRS.
Who is required to file rda4u?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value over $10,000 at any time during the year is required to file rda4u.
How to fill out rda4u?
rda4u can be filled out electronically using the FinCEN Form 114 through the BSA E-Filing System.
What is the purpose of rda4u?
The purpose of rda4u is to discourage tax evasion and money laundering by U.S. persons through foreign financial accounts.
What information must be reported on rda4u?
Information such as the account number, name on the account, name and address of the foreign financial institution, and the maximum value of the account during the year must be reported on rda4u.
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