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WOODRIDGE LOCAL SCHOOL DISTRICT 4411 Quick Road Peninsula, Ohio 44264 REGULAR BOARD OF EDUCATION MEETING MINUTES Woodridge High School Library 4440 Quick Road Peninsula, Ohio 44264 March 19, 2013
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Debord MRS stands for Report of Foreign Bank and Financial Accounts (FBAR), which is used to report a financial interest in or signature authority over a foreign financial account.
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.
The FBAR is filed electronically through the Financial Crimes Enforcement Network (FinCEN) website and requires detailed information about the foreign financial accounts.
The purpose of FBAR reporting is to combat tax evasion by ensuring that U.S. persons accurately report their foreign financial accounts to the IRS.
The FBAR requires reporting the maximum value of each foreign financial account during the year, the account number, location, and the name and address of the financial institution.
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