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/f l//CM Thursday, September 22, 1983Selected Subjects Administrative Practice and Procedure Immigration and Naturalization Service Aircraft Federal Aviation Administration Aviation Safety Federal

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What is fl?

FL stands for Form FL, which is a tax form used to report foreign accounts.

Who is required to file fl?

US persons 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 calendar year are required to file Form FL.

How to fill out fl?

Form FL can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.

What is the purpose of fl?

The purpose of FL is to prevent tax evasion by US persons using foreign accounts and to promote transparency in foreign financial activities.

What information must be reported on fl?

Form FL requires the reporting of the account holder's information, the account number, the name of the foreign financial institution, and the maximum account value during the reporting period.