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RESOLUTION NUMBER (RE: AUTHORIZATION TO PERMIT PARKING ALONG THE WEST SIDE OF QUAKER BRIDGE ROAD ON SEPTEMBER 28, 2019) WHEREAS, the Friends of Old Proton Aqueduct, Inc. plan to remove invasive species

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What is r e s o?

RESPONSE: RESO stands for Report of Foreign Bank and Financial Accounts, which is a form used to report foreign financial accounts.

Who is required to file r e s o?

RESPONSE: U.S. persons, including individuals, corporations, partnerships, and trusts, who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file RESO.

How to fill out r e s o?

RESPONSE: RESO can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.

What is the purpose of r e s o?

RESPONSE: The purpose of RESO is to combat tax evasion and money laundering by requiring individuals to report their foreign financial accounts.

What information must be reported on r e s o?

RESPONSE: Information such as the account holder's name, account number, name of the financial institution, maximum value of the account during the reporting period, and more must be reported on RESO.