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R L I T R A N S P O R TAT I ON OWNER OPERATOR PROGRAM GUIDELINES We submit these guidelines to assist you in qualifying, submitting and binding O/O Trucking business with RLI Transportation. They
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RLIT stands for Report of Foreign Bank and Financial Accounts.
Any United States person who has a financial interest in or signature authority over foreign financial accounts must file an FBAR.
The FBAR must be completed electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of the FBAR is to report foreign financial accounts held by United States persons to prevent tax evasion.
Information such as the name on the account, account number, financial institution, and maximum value during the year must be reported on the FBAR.
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