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OFFICIAL BALLOT January 1, 2017, to December 31, 2018, Trustee candidates Ballot must be received by December 8th, 2015 Return to Office BOMASouthPugetSound.org or fax: 253.265.3043 Your Name & Member
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O F F I stands for Report of Foreign Bank and Financial Accounts, which is a form used to report foreign financial accounts to the IRS.
Any U.S. person who has 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 must file O F F I.
O F F I can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of O F F I is to combat tax evasion by ensuring that U.S. taxpayers with foreign financial accounts comply with reporting requirements.
Information such as the name of the foreign financial institution, the account number, and the maximum value of the account during the reporting period must be reported on O F F I.
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