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T RIG L A N DL O RD F O R U M J U N E 1 6, 2 0 1 5 Pro c e s sin g E vi c to n s in V Virginia AP a TTI Rob e rt son Licensed Real Estate Broker with Tidewater Homes Past TRIG President and Current
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T rig l a stands for Report of Foreign Bank and Financial Accounts (FBAR).
Any United States person with 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.
T rig l a can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of t rig l a is to report foreign financial accounts and help combat tax evasion by ensuring that taxpayers disclose their foreign accounts.
Information such as the name on the account, the account number, the name and address of the financial institution, and the maximum account value during the reporting period must be reported on t rig l a.
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