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OPM Part Specialized Treatment Services IV. Chapter24DESIGNATED Staff A. Regional Staff 1. Region 1a. National Naval Medical Center (NAMC), Walter Reed Army Medical Center (WRAMC), and Malcolm Grow

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What is designated stsfs?

Designated STSFS stands for Specified Foreign Financial Assets. It includes foreign financial accounts and other foreign financial assets that must be reported on Form 8938.

Who is required to file designated stsfs?

US taxpayers who meet the threshold for reporting foreign financial assets must file Form 8938 to report their designated STSFS.

How to fill out designated stsfs?

Designated STSFS can be filled out by completing Form 8938 with accurate information about foreign financial accounts and assets.

What is the purpose of designated stsfs?

The purpose of designated STSFS reporting is to provide the IRS with information about US taxpayers' foreign financial assets to prevent tax evasion.

What information must be reported on designated stsfs?

Information such as the maximum value of foreign financial accounts, type of account, and income generated from foreign assets must be reported on designated STSFS.