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United States Department of Labor
Employees Compensation Appeals Board
___
A.C., Appellant
and
U.S. POSTAL SERVICE, POST OFFICE,
St. Petersburg, FL, Employer
___))))))))Appearances:
Dean Albrecht,
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What is 11-1388 ac and us?
11-1388 ac and us refers to a tax form used to report specified foreign financial assets to the Internal Revenue Service (IRS) in the United States.
Who is required to file 11-1388 ac and us?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts or assets with an aggregate value greater than $10,000 at any time during the year.
How to fill out 11-1388 ac and us?
The form can be completed electronically and submitted through the IRS website or by mailing a paper copy to the IRS.
What is the purpose of 11-1388 ac and us?
The purpose of the form is to help prevent tax evasion by allowing the IRS to track and verify the existence of foreign financial assets held by U.S. persons.
What information must be reported on 11-1388 ac and us?
Information such as the account number, financial institution details, maximum value of the account during the year, and other relevant information about the foreign financial assets.
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