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Champ L. Baker III, MD Dr. Baker completed a sports medicine fellowship at the Rush University Medical Center in Chicago, IL. He has published numerous articles and book chapters on surgical techniques

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What is champ l?

Champ l refers to the form that must be filed by individuals who have foreign financial accounts that exceed certain thresholds.

Who is required to file champ l?

U.S. citizens, residents, and certain non-resident aliens that have foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year are required to file Champ l.

How to fill out champ l?

Champ l can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.

What is the purpose of champ l?

The purpose of champ l is to detect and deter tax evasion by individuals who have foreign financial accounts.

What information must be reported on champ l?

Champ l requires individuals to report information about their foreign financial accounts, including the account number, the name of the financial institution, and the maximum value of the account during the year.

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