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Do you think you have the knowledge it takes to buy a car? Before you head out to the dealerships, take our quiz to see if you have the facts you need.6. True or False: If a new car is in the shop

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What is knowledge it?

Knowledge it is a form used to report information about a taxpayer's foreign financial assets.

Who is required to file knowledge it?

Any U.S. person who meets the filing requirements must file Form 8938.

How to fill out knowledge it?

Form 8938 can be filled out electronically or by mail, and requires detailed information about foreign financial assets.

What is the purpose of knowledge it?

The purpose of Form 8938 is to help detect and deter tax evasion by providing information about foreign financial assets.

What information must be reported on knowledge it?

Information such as the maximum value of foreign financial assets and their nature must be reported on Form 8938.

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