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July 2011 1 SANDRA NEWSLETTER Seattle, Washington The Voice of SANDRA TOLERANCE SOCIETY Board musings This will be a bit shorter than some other Board Musings articles, and it will stay mostly with
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What is July 1 Skandia newsletter?
July 1 Skandia newsletter is a report that needs to be filed by certain taxpayers who have foreign financial accounts.
Who is required to file July 1 Skandia newsletter?
US taxpayers who have foreign financial accounts with a balance exceeding $10,000 at any time during the year are required to file the July 1 Skandia newsletter.
How to fill out July 1 Skandia newsletter?
The July 1 Skandia newsletter can be filled out electronically through the IRS website or by filling out Form 8938 and submitting it to the IRS.
What is the purpose of July 1 Skandia newsletter?
The purpose of the July 1 Skandia newsletter is to report foreign financial accounts and assets to the IRS in order to prevent tax evasion.
What information must be reported on July 1 Skandia newsletter?
The July 1 Skandia newsletter requires reporting the maximum balance of foreign financial accounts, as well as other specified foreign financial assets.
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