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An S O C I AT I O N O F I N D E P E N D E N T M A N U FA C T U R E R S × R E P R E S E N TAT I V E S, I N C. 16 A Journey, Suite 200 Also Video, CA 926563317 8667290975 toll-free 9498592884 phone
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What is a s s o?
A s s o stands for Statement of Specified Foreign Financial Assets.
Who is required to file a s s o?
US taxpayers who meet the threshold requirements for reporting specified foreign financial assets are required to file a s s o.
How to fill out a s s o?
A s s o can be filled out electronically through the IRS's e-file system or by paper form.
What is the purpose of a s s o?
The purpose of a s s o is to report specified foreign financial assets that exceed certain thresholds to the IRS.
What information must be reported on a s s o?
Information such as the type of asset, maximum value during the tax year, and information about the financial institution where the asset is held must be reported on a s s o.
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