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Affidavit of Support Free Room and Board Student name: I promise for each year of the above students study at St. Francis College they will live free of any charge with me in my home. Sponsor name:
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What is a f f i?
A Foreign Financial Institution (FFI) is a financial institution located outside the United States that is required to comply with the Foreign Account Tax Compliance Act (FATCA).
Who is required to file a f f i?
Foreign financial institutions that have US account holders are required to file a FFI agreement with the IRS.
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FFIs can fill out a FFI registration form online through the IRS portal.
What is the purpose of a f f i?
The purpose of a FFI is to help the IRS identify and track financial accounts held by U.S. persons in foreign financial institutions to prevent tax evasion.
What information must be reported on a f f i?
An FFI must report the account holder's name, address, TIN, account balance, and other account information.
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