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DIVISION OF REVENUE AND TAXATION RNF IC IA L S E Alford calendar year 2016, or tax year beginning1120FCMTME
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What is o f t h?
O F T H stands for Report of Foreign Bank and Financial Accounts.
Who is required to file o f t h?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts must file o f t h.
How to fill out o f t h?
O F T H can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of o f t h?
The purpose of o f t h is to combat tax evasion and money laundering by U.S. persons using foreign financial accounts.
What information must be reported on o f t h?
The report must include details about the foreign financial accounts, such as the account numbers, the name of the financial institution, and the maximum value of the account during the reporting period.
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