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S.T.E. PS Developmental Academy, Inc. AUTHORIZATION FOR USE AND DISCLOSURE OF PROTECTED INFORMATION This form implements the requirements for client authorization to use and disclose health information
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What is steps?
Steps stands for Statement of Specified Foreign Financial Assets.
Who is required to file steps?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts or assets.
How to fill out steps?
Steps can be filled out electronically on the IRS website or by using Form 8938.
What is the purpose of steps?
The purpose of steps is to report specified foreign financial assets to the IRS in order to combat tax evasion.
What information must be reported on steps?
Information such as the maximum value of the assets during the year and the income generated from those assets must be reported.
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