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A P P E N D I × G Using the AFT for Specific Service Providers These topics describe how to use the ALI Formatting Tool (AFT) for specific service providers: Using the ALI Formatting Tool for Bell
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Form AFT is used for reporting foreign assets.
Any individual or entity with foreign assets exceeding a certain threshold is required to file Form AFT.
Form AFT can be filled out online or by mail, with detailed instructions provided by the IRS.
The purpose of Form AFT is to report foreign assets and ensure compliance with tax laws regarding foreign income.
Information such as the description of assets, their value, and any income generated from them must be reported on Form AFT.
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