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AW215,712011 Prescribed by Secretary of State Sect ions 141 031, 143004,143 006, Texas Election Co-official RECORD CITY SECRETARY FT. WORTH, TX 1All Information is required to be provided unless indicated
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rr t 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.
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Any United States 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 is required to file FBAR.
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The purpose of FBAR is to combat money laundering and tax evasion by ensuring that U.S. persons report their foreign financial accounts to the Internal Revenue Service (IRS).
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FBAR requires reporting of the maximum value of each foreign financial account during the calendar year, as well as information about the account itself and the financial institution where it is held.
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