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January 2016Paceline That's All Folks continued on page 2Carol MoffettIts not often that I quote Porky Pig, or that you can pinpoint the end of the cycling season. This year we had comfortable cycling

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What is carol moffett?

Carol Moffett is a tax form that must be filed by taxpayers who have certain financial interests in foreign countries.

Who is required to file Carol Moffett?

U.S. citizens, resident aliens, and certain nonresident aliens are required to file Carol Moffett if they have financial interests in foreign countries that meet specific thresholds.

How to fill out Carol Moffett?

Carol Moffett can be filled out electronically through the IRS's online portal or by mail using Form 8938. Taxpayers must provide information about their foreign financial accounts, including the maximum value during the year.

What is the purpose of Carol Moffett?

The purpose of Carol Moffett is to report foreign financial assets that could potentially be used to evade U.S. taxes. This helps the IRS identify taxpayers who may be underreporting their income.

What information must be reported on Carol Moffett?

Taxpayers must report the maximum value of their foreign financial accounts, as well as any income generated from these accounts. They must also provide details about specific types of foreign assets.