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T R A V E R S E C I T Y A R E A P U B L I C S C H O O L S Transportation Request Form The policy of Traverse City Area Public Schools is to provide safe and efficient transportation services to eligible
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A r e a stands for Report of Foreign Bank and Financial Accounts. It is a form that must be filed by U.S. persons who have a financial interest in or signature authority over foreign financial accounts.
U.S. persons, including individuals, corporations, partnerships, and trusts, who have 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, are required to file a r e a.
The r e a form can be filed electronically through the Financial Crimes Enforcement Network (FinCEN) website. The form requires information about the account holder, account details, and any other required disclosures.
The purpose of a r e a is to detect and combat money laundering, tax evasion, and other financial crimes by providing the U.S. government with information about foreign financial accounts held by U.S. persons.
The information required to be reported on a r e a includes the account holder's name, account number, name and address of the foreign financial institution, and maximum account value during the reporting period, among other details.
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