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UNITED STATES OMB APPROVAL
Outnumber:
32350123SECURITIESANDEXCHANGECOMMISSION
Washington, D.C.20549ANNUAL AUDITED
15045538sExpires:March 31, 2016,
Estimated average burdened. RT SEChoursperresponse......12.00iwall
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What is rt sec?
rt sec stands for Report of Foreign Bank and Financial Accounts, it is a form used to report foreign financial accounts to the IRS.
Who is required to file rt sec?
US persons who have a financial interest in or signature authority over foreign financial accounts that exceed certain thresholds are required to file rt sec.
How to fill out rt sec?
rt sec can be filled out electronically through the FinCEN BSA E-Filing System. Detailed instructions are provided on the official IRS website.
What is the purpose of rt sec?
The purpose of rt sec is to combat tax evasion by ensuring that US persons report their foreign financial accounts to the IRS.
What information must be reported on rt sec?
rt sec requires information such as the name of the financial institution where the account is held, the account number, and the maximum value of the account during the reporting period.
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