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T O DUE DATE APRIL 15, 2014, THIS SCHEDULE MUST BE FILED EVERY YEAR REGARDLESS IF ANY ADDITIONS OR DELETIONS WERE MADE RENEWABLE ENERGY PROPERTY IMPORTANT DOCUMENT PLEASE READ CONTENTS DS 058 DS 058A
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DS 058A is a form used for reporting foreign bank accounts and financial assets to the Internal Revenue Service (IRS).
US citizens, green card holders, and US tax residents with foreign bank accounts or financial assets exceeding certain thresholds are required to file DS 058A.
DS 058A can be filled out electronically through the IRS website or by mail. The form requires information about the foreign bank accounts and financial assets held.
The purpose of DS 058A is to help the IRS track and prevent tax evasion by US taxpayers holding foreign assets.
Information such as the types of foreign accounts held, the maximum value during the year, and details about the financial institution must be reported on DS 058A.
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