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PURCHASERS ACCOUNT APPLICATION F I C E U S E O N LY : Territory: Credit Limit: Approved By: Date:4591 Pacheco Boulevard, Martinez, CA 945532233 Phone: (510) 6539119 Fax: (510) 6588448Class:PRINT FORM
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O f f i (Optional Practical Training for F-1 Students) is needed by international students studying in the United States on an F-1 visa who wish to gain practical work experience in their field of study.
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O F F I stands for Report of Foreign Bank and Financial Accounts.
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.
O F F I can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website by using the BSA E-Filing System.
The purpose of O F F I is to report foreign financial accounts to the U.S. government in order to combat tax evasion and money laundering.
The information that must be reported on O F F I includes the name of the account holder, the account number, the name and address of the foreign financial institution, and the maximum value of the account during the reporting period.
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