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UPPER MARION AREA SCHOOL DISTRICT STUDENT SERVICES DEPARTMENT 450 Feebler Road, King of Prussia, PA 19406 GUARDIANSHIP A F F I D A V I T, 24 PS 131302 Instructions: Complete the following statements
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Step 1: Obtain an application form for the FFI from the concerned authority.
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Step 2: Read the instructions carefully before filling out the form.
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Step 3: Provide all the required personal information in the designated fields.
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Step 4: Fill out the financial details accurately, including income, expenses, and assets.
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Step 5: Attach any necessary supporting documents, such as bank statements or tax returns.
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Step 8: Submit the completed FFI form to the relevant authority as instructed.
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What is a f f i?
A f f i stands for Foreign Financial Institution. It is a financial institution located outside of the United States.
Who is required to file a f f i?
Certain foreign financial institutions are required to file a f f i under FATCA (Foreign Account Tax Compliance Act).
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A f f i must be filled out electronically through the IRS FATCA Portal.
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The purpose of a f f i is to report foreign financial accounts held by U.S. persons to the IRS.
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A f f i must report information such as the account holder's name, address, account number, and account balance.
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