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An S O C I AT I O N S Signature Membership is the entry point to the powerful resources available at the U.S. Chamber. With this basic membership, associations can explore the many facets of the U.S.
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What is a s s o?
A s s o refers to a Statement of Specified Foreign Financial Assets, which must be filed by certain U.S. taxpayers who have foreign financial assets.
Who is required to file a s s o?
U.S. taxpayers who meet the qualification requirements set by the IRS are required to file a s s o.
How to fill out a s s o?
A s s o can be filled out electronically using Form 8938 on the IRS website or manually by following the form's instructions.
What is the purpose of a s s o?
The purpose of a s s o is to help the IRS identify taxpayers who may have undisclosed foreign financial assets and ensure compliance with tax laws.
What information must be reported on a s s o?
A s s o requires taxpayers to report information about their foreign financial assets including account numbers, balances, and income generated.
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