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E f f i c ain c y S t a ND an RDS RE S I D E N T I A L COMPLIANCE MANUAL Commission MANUAL 20 0 8 B U I L D I N G E N E RAY CALIFORNIA E N E RAY COMMISSION CEC-400-2008-016-CMF December 2008 Revised
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What is e f f i?
E F F I stands for Electronic Foreign Financial Institution.
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Foreign financial institutions that have accounts held by U.S. persons are required to file E F F I.
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E F F I can be filled out electronically through the IRS's online portal or using approved third-party software.
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The purpose of E F F I is to report foreign financial accounts held by U.S. persons to the IRS.
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E F F I requires reporting information such as the account holder's name, account number, balance, and income generated.
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