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N J an o S s e o D h c n a y at s R Rebel Castle Glenda Historical SocietyVehicle Fundraiser and Dinner 844 N. Live Oak Ave., GlendoraSaturday, September 10, 2016 5:30 9:00Help us preserve Vendors
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r a n c stands for Report of Foreign Bank and Financial Accounts, it is a form used to report foreign financial accounts.
US persons 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.
r a n c can be filed electronically through the FinCEN BSA E-Filing System or by mailing a paper form to the Department of the Treasury.
The purpose of r a n c is to combat tax evasion and money laundering by providing the government with information about foreign financial accounts held by US persons.
r a n c requires the reporting of the account owner's information, the account number, the name of the foreign financial institution, and the maximum value of the account during the reporting period.
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