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EfilePublicVisualRenderFormObjectId:001Submission:20150116TIN:205478191 OMB No.1545ReturnofOrganizationExemptFromIncomeTax99000472019Undersection501(c),527,or4947(a)(1)oftheInternalRevenueCode(except

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What is r a n c?

RANC stands for Report of Foreign Bank and Financial Accounts.

Who is required to file r a n c?

U.S. persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file an RANC.

How to fill out r a n c?

RANC is filed electronically through the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) website by providing information about the foreign financial accounts.

What is the purpose of r a n c?

The purpose of RANC is to prevent tax evasion by U.S. persons using foreign accounts to hide income.

What information must be reported on r a n c?

RANC requires reporting information about the foreign financial accounts, including the account number, name and address of the financial institution, and the maximum value of the account during the reporting period.

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