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DDB/DDSP Explorer Edition Installation Notes Software Installation 1. Unpack the zip archive to a local folder. Six files are shown: 2. Double-click the SetupStarter.exe. The program starts with the

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What is form 8938 tax alert1?

Form 8938 tax alert1 is a reporting requirement for certain taxpayers who hold specified foreign financial assets.

Who is required to file form 8938 tax alert1?

Individuals (including U.S. citizens, residents, and certain non-residents) must file form 8938 tax alert1 if they have an interest in specified foreign financial assets and meet the reporting threshold.

How to fill out form 8938 tax alert1?

To fill out form 8938 tax alert1, you will need to provide information about your specified foreign financial assets, including their value, income generated, and certain identifying information. The form should be attached to your annual tax return.

What is the purpose of form 8938 tax alert1?

The purpose of form 8938 tax alert1 is to provide the IRS with information about certain taxpayers' offshore financial accounts and assets to help combat tax evasion.

What information must be reported on form 8938 tax alert1?

Form 8938 tax alert1 requires the reporting of various information, including the type of asset, the maximum value during the tax year, income generated, and certain identifying information for each specified foreign financial asset.

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