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BOSTON COLLEGE o f f i ce o f st u d ent se r v i cesSTUDENT HOURS AT BOSTON COLLEGE (Applies to Graduate, Undergraduate, and NonBC Students) Payroll Form Statement I understand that as a Graduate

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What is o f f i?

OFFI stands for the Overseas Financial Accounts Information, a reporting requirement for U.S. taxpayers to disclose certain foreign financial accounts.

Who is required to file o f f i?

U.S. citizens and residents who have foreign bank accounts or foreign financial assets exceeding certain thresholds are required to file OFFI.

How to fill out o f f i?

To fill out OFFI, taxpayers must complete the designated forms and provide information about their foreign accounts, including account numbers and financial institutions.

What is the purpose of o f f i?

The purpose of OFFI is to prevent tax evasion by requiring transparency about foreign financial holdings of U.S. taxpayers.

What information must be reported on o f f i?

Taxpayers must report details such as the name of the financial institution, account numbers, maximum account balances, and the types of accounts held.