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Jan 2017F L I G H TL I N ESTeNxeinswFsllyiengtCtluebrPresidents Corner Page 1 Club NotesPRESIDENTS CORNERPostflight checklist January 2017Reg. Of the month, each logsGreetings Fellow Aviators, Page
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FLIG stands for Foreign Account Tax Compliance Act (FATCA) Long Form.
Financial institutions located outside the United States are required to file FLIG.
FLIG can be filled out electronically through the IRS FATCA Registration website.
The purpose of FLIG is to report information on foreign financial accounts held by U.S. taxpayers.
Information such as account numbers, balances, income, and account holders must be reported on FLIG.
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