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Scott's chartered accountants in finite p o possibilities ... Scott chartered accountants in finite p o possibilities. Created Date: 6/30/2011 11:34:19 AM.
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INFI stands for Information Return on Foreign Interests. It is a form used to report information about foreign financial accounts and assets.
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Individuals and entities who meet certain criteria are required to file INFI, including U.S. citizens, residents, corporations, partnerships, and trusts with foreign financial accounts or assets.
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The purpose of INFI is to prevent tax evasion and money laundering by providing the IRS with information about foreign financial accounts and assets held by U.S. taxpayers.
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INFI requires the reporting of the maximum value of foreign financial accounts and assets during the year, as well as specific details about each account or asset.
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