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Let's Talk the Mexican Way Marcos Sanchez on Amazon.com. *FREE* shipping on qualifying offers. Let's Talk the Mexican Way.

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What is lets t a l?

Lets t a l stands for Report of Foreign Bank and Financial Accounts (FBAR).

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Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value over $10,000 at any time during the calendar year is required to file lets t a l.

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The purpose of lets t a l is to combat money laundering, tax evasion, and other financial crimes by allowing the U.S. government to track and monitor foreign financial accounts held by U.S. persons.

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The information required to be reported on lets t a l includes the maximum value of each foreign financial account during the year, the account number, name on the account, and the financial institution where the account is held.

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