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UNITED NATIONSBCUNEP/CHW/OEWG.11/INF/16Distr.: General 23 July 2018 English only Open ended Working Group of the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and
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11inf16 is needed by individuals who are required to report their income and deductions. This form is typically used for tax purposes, where taxpayers provide detailed information about their income sources, deductions, and other relevant financial information. Employers may also require their employees to fill out this form for payroll and tax withholding purposes.

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11inf16 is a form used for reporting information related to foreign financial accounts.
Anyone 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 11inf16.
11inf16 can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing system.
The purpose of 11inf16 is to detect and combat tax evasion by individuals using foreign financial accounts.
Information such as the account number, name and address of the foreign financial institution, and the maximum value of the account during the calendar year must be reported on 11inf16.
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