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COOK COUNTY ASSESSORS OFFICE
118 NORTH CLARK STREET, CHICAGO, IL 60602
PHONE: 312.443.7550 FAX: 312.603.6584
WWW.COOKCOUNTYASSESSOR.COCOON COUNTY ASSESSOR
F R I T Z K AE GI CLASS 6B SUSTAINABLE EMERGENCY
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What is f r i t?
FRIT stands for the Foreign Financial Account Reporting, which is a requirement for U.S. citizens and residents to report certain foreign financial accounts.
Who is required to file f r i t?
U.S. citizens and residents who have a financial interest or signature authority over foreign financial accounts exceeding certain thresholds are required to file FRIT.
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To fill out FRIT, individuals must provide specific information about their foreign accounts, including account numbers, financial institution details, and the maximum balance for the year.
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The purpose of FRIT is to prevent tax evasion and increase transparency regarding foreign financial assets and accounts held by U.S. taxpayers.
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The information reported on FRIT includes account numbers, names and addresses of foreign financial institutions, types of accounts, and the maximum account balances during the year.
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