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PROJECT DESCRIPTION:ADDITION AND REMODEL TO INCLUDE: INTERIOR REMODEL OF EXISTING KITCHEN, HALLWAY, LAUNDRY ROOM AND BEDROOMS REMOVAL OF EXISTING PERMITTED ENCLOSED PATIO ADDITION OF A MASTER SUITE
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What is residen?
Residen is a form used to report foreign financial accounts.
Who is required to file residen?
U.S. citizens, residents, and certain non-resident aliens who have foreign financial accounts exceeding certain thresholds.
How to fill out residen?
Residen can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of residen?
The purpose of residen is to help prevent tax evasion by requiring individuals to report their foreign financial accounts.
What information must be reported on residen?
Information such as the account number, name of financial institution, and maximum account value during the reporting period must be reported on residen.
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