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STUDENT/PARENT HANDBOOK 20192020 ST. FRANCIS XAVIER PRESCHOOL AND ELEMENTARY www.xaviercatholicschools.orgMARQUETTE ST. CAMPUS 500 W. Marquette Street Appleton, WI 54911 9207334918 Mrs. Laura Barnett,
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What is francis xavier?
Francis Xavier refers to a tax reporting form related to foreign financial accounts, specifically Form 8938, which is also known as the Statement of Specified Foreign Financial Assets.
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Individuals who hold specified foreign financial assets with an aggregate value above certain thresholds and who are required to file U.S. tax returns must file Form 8938.
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To fill out Form 8938, you need to provide personal information such as your name, address, and taxpayer identification number, followed by details of your specified foreign financial assets including account numbers, country of issuance, and the maximum value of these assets during the tax year.
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The purpose of Form 8938 is to report specified foreign financial assets to the IRS, ensuring compliance with U.S. tax laws and preventing tax evasion through undisclosed foreign accounts.
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You must report information such as the type of asset, the name and address of the financial institution, account numbers, the maximum value of each asset during the year, and any income produced by the foreign assets.
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