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2016386WHATCOM COUNTY COUNCIL AGENDA BILL CLEARANCESInitialDateOriginator:pj10/25/16Division Head:ad11/1/6Dept. Head:Purchasing/Budget: Executive: 'ff 'J/Di IOF)n 'Q. I'll()fief ! Jlli26tl l!:, ;;;
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FFJ stands for Foreign Financial Account Reporting
Any U.S. person with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds.
The FFJ form can be filled out electronically on the official website of the Internal Revenue Service (IRS).
The purpose of FFJ is to prevent tax evasion by ensuring that U.S. persons report their foreign financial accounts.
Information such as the maximum value of the account during the year, the country where the account is held, and the account number must be reported on FFJ.
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