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PENSION APPLICATION Laborers District Council and Contractors Pension Fund of Ohio 800 Millstone Road Westerville, OH 43081-3302 www.olfbp.com Phone: (614) 898-9006 (800) 236-6437 Fax: (614) 898-9169

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What is olfbp?

OLFBP stands for Online Foreign Bank and Financial Account Reporting Program. It is an electronic system used by individuals and financial institutions to report information about foreign bank and financial accounts.

Who is required to file olfbp?

U.S. citizens, residents, and certain domestic entities with foreign bank and financial accounts exceeding certain thresholds are required to file OLFBP. Financial institutions are also required to file reports on certain accounts.

How to fill out olfbp?

OLFBP can be filled out online through the official website of the Internal Revenue Service (IRS). The system provides step-by-step instructions and guidance on how to complete the necessary forms and submit the required information.

What is the purpose of olfbp?

The purpose of OLFBP is to gather information about foreign bank and financial accounts held by U.S. taxpayers or entities. This information is used by the IRS to enforce tax laws and identify potential tax evasion or money laundering activities.

What information must be reported on olfbp?

OLFBP requires the reporting of various details about foreign bank and financial accounts, including the account holder's name, address, account number, account balance, and income generated from the account.

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