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TOWN OF NORTH CASTLE WESTCHESTER COUNTY 17 Bedford Road Armonk, New York 105041898 Telephone: (914) 2733542 Fax: (914) 2733554 www.northcastleny.comPLANNING BOARD Christopher Cathy, Irresolution Action:
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r e s o stands for Report of Foreign Bank and Financial Accounts. It is a report required by the US Department of Treasury to report foreign financial accounts.
US persons including individuals, businesses, and other entities that have financial interest in or signature authority over foreign financial accounts.
r e s o can be filled out online through the FinCEN website or by submitting Form 114 electronically.
The purpose of r e s o is to prevent tax evasion and money laundering by ensuring that US persons disclose their foreign financial accounts.
Information such as the names on the accounts, account numbers, types of accounts, and the maximum value of each account during the reporting period.
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