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NOD US ARMY CORPS OF ENGINEERS FAMILY READINESS INFORMATION FORM For use of this fill see ER 600-1-54; the proponent agency is CER AUTHORITY: PRIVACY ACT ADVISORY STATEMENT Privacy Act of 1974, Public
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What is foitll?
FOITLL stands for Foreign Bank and Financial Accounts Report, it is a form used to report foreign financial accounts held by US persons.
Who is required to file foitll?
US persons who have 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.
How to fill out foitll?
FOITLL can be filled out electronically using the FinCEN BSA E-Filing system.
What is the purpose of foitll?
The purpose of FOITLL is to combat tax evasion and to promote transparency regarding foreign financial accounts.
What information must be reported on foitll?
Information such as the name and address of the financial institution where the account is held, the type of account, and the maximum value of the account during the year.
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