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O F F I C I A L N E W S L E T T E R O F R O C K Y M O U N T A I N V I N T A G E R A C I N G VINTAGE MESSENGER Silver Anniversary Season Editor: John Italics, Jr. messenger rmvr.com or FAX: (970) 8243737
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What is o f f i?
O F F I stands for Report of Foreign Bank and Financial Accounts.
Who is required to file o f f i?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
How to fill out o f f i?
The o f f i form can be filled out online through the FinCEN BSA E-Filing System.
What is the purpose of o f f i?
The purpose of o f f i is to report foreign financial accounts to combat money laundering and tax evasion.
What information must be reported on o f f i?
Information such as the name of the foreign financial institution, the account number, and the maximum value of the account during the year.
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