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For ........t.J.9.! “.l.’t .....’t:l...BY. .............................. Form for Filing Rate SchedulesCommunity, Town or City13. No........................ P. S. C.9. SHEET WESTERN KENTUCKY
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What is fll?
FLL stands for Foreign Bank and Financial Accounts Report, which is a form used by U.S. taxpayers to report foreign financial accounts.
Who is required to file fll?
U.S. citizens, residents, and certain non-resident aliens who have foreign financial accounts exceeding $10,000 at any point during the calendar year are required to file FLL.
How to fill out fll?
To fill out FLL, individuals must gather information on their foreign bank accounts, including account numbers, names of the banks, and the highest account balance during the year, then complete the form online using the BSA E-Filing System.
What is the purpose of fll?
The purpose of FLL is to prevent tax evasion and to ensure compliance with U.S. tax laws regarding foreign financial accounts.
What information must be reported on fll?
The FLL requires reporting of the maximum value of each foreign financial account, account numbers, names and addresses of banks, and the type of accounts held.
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