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SECTION 084229AUTOMATIC ENTRANCES ***************************************************************************************************************************** NOTE TO Specifiers section contains
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Section 084229 pertains to tax reporting related to foreign accounts.
Individuals or entities with foreign accounts or financial interest that meet certain criteria are required to file section 084229.
Section 084229 can be filled out online through the IRS website or by mail using Form 8938.
The purpose of section 084229 is to report foreign financial assets and help prevent tax evasion.
Information such as the value of foreign assets, types of assets, and income generated from those assets must be reported on section 084229.
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