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Washington Technology SolutionsENTERPRISE TECHNOLOGY SOLUTIONSAgency Financial Reporting Systematic Interface August 2016(This page intentionally left blank)Table of Contestable OF CONTENTSREVISION
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Form AFIRS stands for Automatic Foreign Information Reporting System, which is a reporting system used by financial institutions to automatically report certain information about foreign accounts.
Financial institutions are required to file Form AFIRS.
Form AFIRS is typically filled out electronically using the designated software provided by the IRS.
The purpose of Form AFIRS is to automatically report information about foreign accounts to the IRS for tax compliance purposes.
Form AFIRS requires reporting of information such as account holder details, account balance, and interest earned.
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