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R M or i m Z J s- 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(7) of the Internal Revenue Code (except black lung benefit font or private foundation) Deportment
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What is r m or i?
R M or I stands for Report of Foreign Bank and Financial Accounts (FBAR), which is a form required by the US Department of Treasury to report foreign financial accounts.
Who is required to file r m or i?
Any US person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value of over $10,000 at any time during the calendar year is required to file an FBAR.
How to fill out r m or i?
The FBAR form can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website by providing information about the foreign financial accounts.
What is the purpose of r m or i?
The purpose of the FBAR is to combat money laundering, tax evasion, and other financial crimes by tracking and reporting foreign financial accounts held by US persons.
What information must be reported on r m or i?
The FBAR requires reporting the maximum value of each foreign financial account during the calendar year, the account number, the name on the account, and the financial institution where the account is held.
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