Results for tag: "Form 8928"

Form 8928 is a tax form used by the Internal Revenue Service (IRS) to report certain transactions related to the Foreign Account Tax Compliance Act (FATCA). It is used to report the sale or exchange of a foreign financial asset, the transfer of a foreign financial asset to a foreign trust, and the transfer of a foreign financial asset to a foreign estate. The form is also used to report the receipt of a distribution from a foreign trust or foreign estate. Form 8928 is an important part of the US tax system, as it helps the IRS to ensure that taxpayers are accurately reporting their foreign financial assets. It also helps to ensure that taxpayers are paying the correct amount of taxes on their foreign income. The Form 8928 market is comprised of companies that provide services related to the filing of Form 8928. These services include preparing and filing the form, providing guidance on the form, and providing assistance with the reporting of foreign financial assets. Companies in this market include tax preparation firms, accounting firms, and software companies. Show Less Read more