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Florida Automatic Fire Alarm Association, Inc. Send completed application and fee to: P.O. Box 5433 Clearwater, FL 33758 Phone: 678-492-4329 Website: www.flafaa.org MEMBERSHIP APPLICATION For Florida
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FLAFAA stands for Foreign Account Tax Compliance Act Agreement. It is a form used by financial institutions to comply with the reporting requirements of FATCA.
Financial institutions including banks, investment firms, and insurance companies are required to file FLAFAA form if they have US account holders or if they operate in a country with an agreement with the United States under the FATCA legislation.
FLAFAA form can be filled out electronically through the IRS FFI Registration System. It requires providing detailed information about the financial institution, its compliance officer, and the accounts held by US persons.
The purpose of FLAFAA form is to ensure compliance with the Foreign Account Tax Compliance Act (FATCA) by collecting information about financial accounts held by US persons or by entities controlled by US persons.
FLAFAA form requires reporting information about the financial institution, its branches, details of responsible officers, compliance program, and information about accounts held by US persons including their names, addresses, and taxpayer identification numbers.
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