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NAME What is FLL? FLL is a robotics program for students ages 914 that is intended to get students excited about science and technology while teaching them important life skills. Small teams of students
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What is what is fll?
FLL stands for Foreign Bank and Financial Accounts Report. It is a report required to be filed by US persons who have a financial interest in or signature authority over foreign financial accounts.
Who is required to file what is fll?
US persons including individuals, corporations, partnerships, trusts, and estates are required to file FLL if they meet the criteria for having a financial interest in or signature authority over foreign financial accounts.
How to fill out what is fll?
The FLL form, also known as FinCEN Form 114, can be filled out electronically through the BSA E-Filing System. It requires information about the account holder, the account details, and any foreign financial institutions involved.
What is the purpose of what is fll?
The purpose of FLL is to combat tax evasion and money laundering by ensuring that US persons report their foreign financial accounts to the US government.
What information must be reported on what is fll?
Information such as the account numbers, names of foreign financial institutions, types of accounts, and maximum values of the accounts must be reported on the FLL form.
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