Tags » Form 8938

Chapter 15: To be "FORMWarned is to be "FORMArmed" - It's "FORM Crime" stupid!!

Introduction …

Since beginning the draft of this post, I have written a separate post:

Forms required by #Americansabroad 101 – The Explanation https://t.co/DfKxaklJfh via…

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Compliance Basics

Escaping the Quandary Posed by Unreported Foreign Accounts

 Many U.S. taxpayers have at least one financial account located in a foreign country. Failure to report an offshore account carries with it possible civil and criminal penalties. 2,578 more words

News

Americans Renounce Citizenship And Leaving

It seems crazy to call it the ‘New Normal’, but once again, record numbers of Americans are renouncing citizenship. Every three months, the Treasury Department publicly names individuals who renounced. 149 more words

Usa News

FBAR Form 8938 filings increase

FBAR, Form 8938 filings increase as taxpayers become more aware of reporting requirements

Six years ago, Congress passed the Foreign Account Tax Compliance Act (FATCA), which set in motion a wave of new reporting and disclosure requirements by individuals, foreign financial institutions, and others. 593 more words

IRS

Back to Basics Part XXXIV - Form 8938 - Statement of Specified Foreign Financial Assets

Originally published in the Cedar Street Times

March 4, 2016

For those of you living in the US (not just US citizens) with foreign bank accounts, foreign securities accounts, ownership interests in foreign corporations, partnerships, or other foreign potentially income generating assets, you may have a reporting requirement on Form 8938 – Statement of Specified Foreign Financial Assets.   736 more words

Back To Basics