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Claiming Disability Living
A l lo wan c e for c h i l d r e NI n f o r m at i o n f o r pa r e n t s o f d i s a b l e d c h i l d r e nDLA means my son
gets the chance to do
the same things other
kids
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What is a l lo wa?
A l lo wa is a form used to report foreign financial accounts held by US taxpayers.
Who is required to file a l lo wa?
US taxpayers who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year are required to file a l lo wa.
How to fill out a l lo wa?
A l lo wa can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website or by mailing a paper form to the IRS.
What is the purpose of a l lo wa?
The purpose of a l lo wa is to combat tax evasion and money laundering by providing the IRS with information about foreign financial accounts held by US taxpayers.
What information must be reported on a l lo wa?
A l lo wa requires taxpayers to disclose the location and maximum value of their foreign financial accounts, as well as information about the foreign financial institution where the account is held.
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