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WOMEN MISSIONARY FEDERATION OF AFLCHELPING HAND A L 2 01 6NEWSLETTERADEQUATE OR WELL DONE?EDITORS:WMF President Lynn Williamson 1814 8th Ave E Williston ND 58801 7015720853 wellumsonlynn Gmail. Comb
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AFLC stands for Annual Foreign Bank and Financial Accounts Report.
Any US person with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
The form can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by paper and mailed to the IRS.
The purpose is to report foreign financial accounts to help prevent tax evasion and money laundering.
Information such as the name of the foreign financial institution, the account number, and the maximum value of the account during the reporting period.
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