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Annual Notifications Checklist and Acknowledgement Form Items for you to review are available on the San Luis Obispo County Office of Education (SLO COE) website www.slocoe.org. Please go to the website
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r e c o stands for Report on Foreign Bank and Financial Accounts. It is a form required by the US Department of Treasury to report foreign financial accounts.
US persons including individuals, corporations, partnerships, trusts, and estates that have a financial interest in or signature authority over foreign financial accounts.
r e c o can be filled out electronically through the FinCEN BSA E-Filing system or by submitting a paper form to the IRS.
The purpose of r e c o is to combat tax evasion and money laundering by requiring individuals to report their foreign financial accounts.
Information such as the name of the financial institution, type of account, maximum value during the year, and account number must be reported on r e c o.
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