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FranklinBoardofEducation
RegularMeetingAgenda
November15,20217:00p.m.intheAuditorium
CALLMEETINGTOORDERANDROLLCALLBY:
Time:
p.m. Member Mrs.
Babcock.
Friend Mr.
Graham Mr.
Huber.
Roger.
Neal Mrs.
Ross
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What is ross?
Ross stands for Report of Foreign Bank and Financial Accounts. It is a form used to report foreign financial accounts.
Who is required to file ross?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file ross.
How to fill out ross?
ROSS can be filled out online using the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of ross?
The purpose of ross is to combat tax evasion and money laundering by providing the government with information about foreign financial accounts held by U.S. persons.
What information must be reported on ross?
ROSS requires information about the account holder, the financial institution where the account is held, and the maximum value of the account during the calendar year.
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