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C4808l:Decision Ho.41743 'BEFORE THE P 'OBT.LIC ITII.CITIES COD, mission OF TI!8, STATE OF Coliform In the flutter of the Invectigationinto the rates, r11e's regulations, charge:c, ALJ.owancesand
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How to fill out or i 11 lac
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To fill out Form I-11(lac), follow these steps:
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What is or i 11 lac?
or i 11 lac is a form used for reporting foreign bank and financial accounts.
Who is required to file or i 11 lac?
U.S. persons, including individuals, corporations, partnerships, and trusts, 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 or i 11 lac.
How to fill out or i 11 lac?
Or i 11 lac can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
What is the purpose of or i 11 lac?
The purpose of or i 11 lac is to combat money laundering, tax evasion, and other financial crimes by requiring individuals to report their foreign financial accounts.
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Information such as the name of the financial institution where the account is held, the account number, the maximum value of the account during the year, and the type of account must be reported on or i 11 lac.
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