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INTERNATIONAL ASSOC I ACTION LEGIONS OF HO NOR Now Hear This... V O LUKE 81 IS SUE 4 J AN U ARY 2 012 I N S I D E T HI S IS S UE : From the Commander s Desk... An s I write this message Christmas

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What is ialoh?

ialoh is a financial reporting form used to report information about foreign bank accounts held by U.S. taxpayers.

Who is required to file ialoh?

U.S. taxpayers who have a financial interest in or signature authority over foreign bank accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file ialoh.

How to fill out ialoh?

ialoh can be filled out electronically using the FinCEN BSA E-Filing System. Taxpayers must provide information about each foreign bank account, including the account number, financial institution's name and address, maximum value during the year, and more.

What is the purpose of ialoh?

The purpose of ialoh is to help the U.S. government combat tax evasion by providing a comprehensive picture of U.S. taxpayers' foreign financial accounts and assets.

What information must be reported on ialoh?

Taxpayers must report information about each foreign bank account they have a financial interest in or signature authority over, including the account number, financial institution's name and address, maximum value during the year, and more.