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Our Lady of Victory School Home School Association
2 Bell more Street / Floral Park, New York 11001
(516) 352 4466
October 2016
Dear Parents/Guardians:
Now that we are back into the school year, it's
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What is olvfp?
OLVFP stands for Offshore Voluntary Foreign Properties.
Who is required to file olvfp?
US taxpayers with foreign properties or assets are required to file OLVFP.
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OLVFP can be filled out electronically through the IRS website or by mailing in a paper form.
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The purpose of OLVFP is to report foreign properties and assets to the IRS in order to avoid penalties for non-disclosure.
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Information such as the value of foreign properties, types of assets held, and income generated from foreign sources must be reported on OLVFP.
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