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PREPARED BY: DATE PREPARED: PHONE:Sandy Hosted February 20, 2014 4710054LB 925 Revision: 00FISCAL NOTE LEGISLATIVE FISCAL ANALYST ESTIMATE OF FISCAL IMPACT STATE AGENCIES (See narrative for political
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Sandy Sostad is a form used to report financial information related to foreign assets and income.
U.S. citizens, resident aliens, and certain non-resident aliens are required to file sandy sostad if they meet the reporting threshold.
Sandy Sostad can be filled out electronically using the IRS's online filing system or by mailing a paper form to the IRS.
The purpose of sandy sostad is to provide the IRS with information about foreign financial assets and income that may be subject to taxation.
Information such as the value of foreign financial accounts, foreign trusts, and certain foreign investments must be reported on sandy sostad.
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