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N e w s l e t t e r o f t h e R e g i o n an l S c i e n c e A s s o c i a t i o n I n t e r n a t i o n an l R R S A I R S S A A I August 2000 NEWS AND INFORMATION FROM THE EXECUTIVE DIRECTOR Beginning
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Sign and date the r s a i to attest that all the information provided is true and correct, and that the individual understands the responsibilities and obligations of operating a motor vehicle.
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Remember, it is important to check the specific requirements and regulations of your jurisdiction as they may vary.
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What is r s a i?
RSAI stands for Report of Foreign Bank and Financial Accounts, a form used to report foreign financial accounts to the IRS.
Who is required to file r s a i?
US persons with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file RSAI.
How to fill out r s a i?
RSAI can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of r s a i?
The purpose of RSAI is to prevent tax evasion by US persons using foreign financial accounts.
What information must be reported on r s a i?
RSAI requires reporting the maximum value of each foreign financial account during the year and the country where each account is located.
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