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JOURNAL
PUBLISHED. 4OFWEEKLYTRADEANDTOBRITISHCATCHFINANCE
MAILS.RIO DE JANEIRO, TUESDAY, December 26th, 1916R. M. S P __!!_ygYAMMAILN. 52STEAM PACKET COMPANY PACIFIC STEAM
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What is r m s p?
R M S P stands for Report of Foreign Bank and Financial Accounts. It is a form required by the IRS for reporting foreign financial accounts.
Who is required to file r m s p?
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 R M S P.
How to fill out r m s p?
R M S P can be filled out electronically using the FinCEN BSA E-Filing system or by completing and mailing the paper form to the address provided by the IRS.
What is the purpose of r m s p?
The purpose of R M S P is to detect and combat tax evasion by U.S. persons hiding money in foreign financial accounts.
What information must be reported on r m s p?
On R M S P, individuals must report information about their foreign financial accounts, including the name of the financial institution, the account number, and the maximum value of the account during the reporting period.
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