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Release and Indemnification Agreement Property: Triumphant Love Lutheran Church 9508 Great Hills Trail Austin, TX 78759 5123465683 Property User: Sole Purpose of Property Use: Liability Insurance
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What is r e l e?
r e l e stands for Report of Foreign Bank and Financial Accounts which requires US persons to report their foreign financial accounts.
Who is required to file r e l e?
US persons with foreign financial accounts exceeding $10,000 at any time during the calendar year are required to file r e l e.
How to fill out r e l e?
r e l e can be filled out electronically through the FinCEN website or manually using Form 114.
What is the purpose of r e l e?
The purpose of r e l e is to prevent tax evasion by US persons hiding assets in foreign accounts.
What information must be reported on r e l e?
Information such as the account number, name of financial institution, account balance, and maximum value of the account must be reported on r e l e.
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