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O FF F C US FRIENDS OF FLORIDA FOLK1625 Hard Verde Sarasota, FL 342322164www.off.org CHANGE SERVICE RECQUESTEDAprilJune, 2014VOLUME XXXIII # 02 ISSN 08922500UO FF FC NONPROFIT ORG US POSTAGE PAID
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What is ff f c?
FFC stands for Foreign Financial Accounts and refers to the form that must be filed by U.S. persons who have a financial interest in or signature authority over foreign financial accounts.
Who is required to file ff f c?
U.S. persons including individuals, corporations, partnerships, and trusts are required to file FFC if they meet the reporting threshold.
How to fill out ff f c?
FFC can be filled out electronically through the FinCEN BSA E-Filing System. The form requires information about all foreign financial accounts held by the filer.
What is the purpose of ff f c?
The purpose of FFC is to report foreign financial accounts to the U.S. government in order to prevent money laundering and tax evasion.
What information must be reported on ff f c?
FFC requires information such as the name and address of the financial institution where the account is held, the account number, and the highest account balance during the reporting period.
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