Get the free What is FLL? First Lego League (FLL) is a robotics program for ...

What is FLL? First Lego League (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

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What is what is fll first?

FLL stands for Foreign Bank and Financial Accounts. It is a form that individuals who have a financial interest in or signature authority over foreign financial accounts must file with the IRS.

Who is required to file what is fll first?

Any individual who has 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 is required to file the FLL form.

How to fill out what is fll first?

The FLL form can be filled out online using the BSA E-Filing System provided by the Financial Crimes Enforcement Network (FinCEN). The form requires information about the account holder, the financial institution, and details about the foreign financial account.

What is the purpose of what is fll first?

The purpose of the FLL form is to combat tax evasion and money laundering by providing the IRS with information about foreign financial accounts held by U.S. persons.

What information must be reported on what is fll first?

The FLL form requires the reporting of the account holder's name, address, account number, type of account, and the maximum value of the account during the reporting period.