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FORM 4 OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction
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By Form Elliot J is a tax form used by individuals who have foreign financial accounts to report their foreign assets to the IRS.
Any individual who is a U.S. citizen or resident alien and has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year is required to file By Form Elliot J.
By Form Elliot J can be filled out online or by mail. It requires detailed information about the foreign financial accounts, including the account numbers, names of the foreign financial institutions, and the maximum value of the account during the year.
The purpose of By Form Elliot J is to help the IRS identify individuals who may be using foreign financial accounts to avoid paying taxes on their income.
Information such as the account numbers, names of the foreign financial institutions, the maximum value of the account during the year, and any income earned from the accounts.
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