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ROTARY INTERNATIONAL MUST I D INSTR ICT YOUTH SERVE ICE 1910 1920 INTERNATIONAL YOUTH EXCHANGE / DOMESTIC YOUTH ACTIVITIESINVITATION FOR SHORT TERM ACTIVITIES Title of the Camp/Crosier: Environment

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What is r o t a?

R O T A stands for Report of Foreign Bank and Financial Accounts. It is a form that must be filed by US persons who have a financial interest in or signature authority over foreign financial accounts.

Who is required to file r o t a?

US persons who have a financial interest in or signature authority over foreign financial accounts are required to file R O T A.

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R O T A can be filled out electronically through the FinCEN BSA E-Filing System. The form requires detailed information about the foreign financial accounts.

What is the purpose of r o t a?

The purpose of R O T A is to report foreign financial accounts and help prevent tax evasion by US persons.

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R O T A requires information such as the account number, name of the financial institution, maximum value of the account during the year, and the account holder's identifying information.

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