Blogs about: Form 8938

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The Foreign Account Tax Compliance Act1 comment

91wp wrote 3 months ago: The Foreign Account Tax Compliance Act (FATCA), part of the Hiring Incentives to Restore Employment … more →

Tags: Accounting, Tax, FATCA

Do You Have Assets or Investments in Foreign Countries?

Travis H. Long, CPA wrote 4 months ago: Originally published in the Cedar Street Times December 28, 2012 Various reasons including the fight … more →

Tags: foreign reporting, General, , Bank Account, due date, FBAR, Foreign, Foreign Assets, foreign country

FAQs regarding the recent Fideicomiso Private Letter Ruling

John Dillinger, CPA, PFS, MS.tax wrote 5 months ago: While a step in the right direction, the new PLR regarding a Fideicomiso may create more harm than g … more →

Tags: FATCA, foreign corporation, Foreign Property, IRS Foreign Reporting, IRS Offshore Voluntary Disclosure Initiative, mexico property ownership, , , fideicomiso

Tax Regulations for Non-Immigrants and NRIs in US3 comments

desiways wrote 10 months ago: Tax regulations is one of the most confused and complex topic when you are in US on non-immigrant vi … more →

Tags: Immigration, Tax, foreign accounts, FBAR, Foreign Bank Accounts Reporting, H1 Tax implications

The New Duty to Report Foreign Financial Assets on Form 8938: Demystifying the Complex Rules and Severe Consequences of Noncompliance

Hale Sheppard wrote 10 months ago: By Hale Sheppard Concerned about the extent of international tax non-compliance, Congress enacted th … more →

Tags: INTERNATIONAL, Audit, penalties, FBAR, Foreign Assets, FATCA, tax reporting, tax residency, Dual Residents

FATCA Form 8938 - Where it came from, how it came about, what it means for U.S. citizens abroad3 comments

renounceuscitizenship wrote 10 months ago: Where it came from – 2009 – Obama describes his justification for what is to become FATC … more →

Tags: FATCA, Citizenship-based taxation, U.S. tax issues, Hale Sheppard

New FAQs for the IRS OVDP (Offshore Voluntary Disclosure Program)

John Dillinger, CPA, PFS, MS.tax wrote 10 months ago: New FAQs for the IRS OVDP (Offshore Voluntary Disclosure Program). … more →

Tags: FATCA, foreign corporation, Foreign Property, IRS Foreign Reporting, IRS Offshore Voluntary Disclosure Initiative, mexico property ownership

New FAQs for the IRS OVDP (Offshore Voluntary Disclosure Program)

John Dillinger, CPA, PFS, MS.tax wrote 10 months ago: On June 26, the IRS posted new FAQ’s for the Offshore Voluntary Disclosure Program, #3.  Numbe … more →

Tags: FATCA, foreign corporation, Foreign Property, IRS Foreign Reporting, IRS Offshore Voluntary Disclosure Initiative, mexico property ownership, , , fideicomiso

June 12, 2012

Baggaley & Rosen CPAs wrote 11 months ago: Guidance on Reporting Foreign Financial Assets The U.S. Government is increasing requirements for re … more →

Tags: Blog Archives, Reporting Foreign Financial Assets, FBAR

Are safe deposit boxes and artwork foreign financial assets for Form 8938? IRS clarifies.

cpaglobaltax wrote 11 months ago: Last week IRS updated the FAQs on its website regarding reporting on Form 8938 and added few more qu … more →

Tags: Tax, General, ASCPA, taxes, LinkedIn, I.R.S., Income Tax, international tax, FATCA

Tax and Estate Planning: Private Foundations, Business Expense Deductions, Deed Tenancy, Foreign Assets

Staff wrote 11 months ago: Even though the value of Facebook’s stock has depreciated considerably since the recent IPO, a … more →

Tags: Estate Planning, California Trust Law, Charitable Planning, Offshore Bank Account, overseas assets, fair market value, Report of Foreign Bank and Financial Accounts, FBAR, not-for-profit organization

FATCA Requirements for Individuals

pvwlaw wrote 1 year ago: The IRS recently released guidance regarding new reporting requirements under the Foreign Account Ta … more →

Tags: foreign tax compliance, foreign tax compliance, Foreign Assets, undisclosed foreign asset

Form 8938 – Foreign Reporting Trap for the Unwary2 comments

_______________ wrote 1 year ago: By Sebastien Chain and Tamara Woods Beginning with the 2011 tax year (i.e., for returns filed April … more →

Tags: INTERNATIONAL, Individual, FBAR, Foreign Assets

More Foreign Reporting for US Taxpayers? Absolutely says IRS1 comment

_______________ wrote 1 year ago: By Sebastien Chain and Tamara Woods The Hiring Incentives to Restore Employment Act of 2010 (“HIRE A … more →

Tags: Individual, INTERNATIONAL, FBAR, Foreign Assets

Comparing Form 8938 and FBAR Requirements

taxdood wrote 1 year ago: Form 8938 is a new form for the 2011 tax year. Taxpayers are required to disclose on the form … more →

Tags: I.R.S., INTERNATIONAL, FBAR

IRS Moves Aggressively on Offshore Accounts

Stephanie Corbett wrote 1 year ago: Attorney’s Report, Spring 2012 – In its continuing efforts to prevent foreign income tax … more →

Tags: Attorney's Report, saville, Foreign Assets, voluntary disclosure

Foreign Bank Accounts and IRS Filing Requirements

mgledhill wrote 1 year ago: Beginning with the 2011 tax year, individuals with an interest in specified foreign financial assets … more →

Tags: Tax related, Foreign Bank Account reporting

Taxation of US citizens in Canada

kul ca, tax and accounting wrote 1 year ago: Article by Stephen Dun  (Forbes magazine) which outlines some of the issues that US citizens living … more →

Tags: taxes 2011, Personal taxes - Canada, tax advice, Crazy taxes, tax consultation, Personal income tax, Tax Returns, 2011, kultax.com

Form 8938–Statement of Specified Foreign Financial Assets6 comments

desiways wrote 1 year ago: Disclaimer: I would like to say this right here that the information here is from my own reading don … more →

Tags: Immigration, Tax, foreign accounts, FBAR, Statement of Specified Foreign Financial Assets


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