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RICHARDSON BAY REGIONAL AGENCY Thursday, May 15, 2014 5:30 P.M. to 7:00 P.M. Causality City Council Chambers 420 Lithe Street Causality, CA PUBLIC COMMENT IS INVITED CONCERNING EACH AGONIZED ITEM
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RBRA stands for Report of Foreign Bank and Financial Accounts. It is a report required by the US government to disclose foreign financial accounts.
US persons including individuals, corporations, partnerships, trusts, and estates, with a financial interest in or signature authority over foreign financial accounts must file RBRA.
RBRA can be filled out electronically through the FinCEN BSA E-Filing System.
The purpose of RBRA is to prevent tax evasion by US persons who hold foreign financial accounts.
RBRA requires reporting the maximum value of financial accounts held abroad during the year, as well as other detailed information about the accounts.
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