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Av / Elul 5771August 2011Temple BNA Israel Rabbis Corner Temple Board Sally Cannon, President 2315470817 Gail Will ens, Vice Pres. 2315481412 Tom Johnson, Secretary 2314871661 Gus Pay, Treasurer 2313475131

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What is av eilul 5771?

Av Eilul 5771 is a tax form used to report assets held in foreign financial accounts, such as bank accounts, mutual funds, and trusts, by US taxpayers.

Who is required to file av eilul 5771?

US taxpayers who have foreign financial accounts with an aggregate value of $10,000 or more at any time during the calendar year are required to file av eilul 5771.

How to fill out av eilul 5771?

Av eilul 5771 can be filled out electronically through the FinCEN website by providing information about the foreign financial accounts owned by the taxpayer.

What is the purpose of av eilul 5771?

The purpose of av eilul 5771 is to report foreign financial accounts to the government in order to prevent tax evasion and money laundering.

What information must be reported on av eilul 5771?

Information such as the account number, name of the financial institution, highest value of the account during the year, and taxpayer identification number must be reported on av eilul 5771.

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