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Learn how to report your specified foreign financial assets on Form 8938 if you are a specified person with a certain threshold value. Find out who must file, what assets to include, and how to attach the form to your annual return.
Learn how to report your specified foreign financial assets on Form 8938 if they exceed the reporting threshold. Find the current revision, PDF instructions, currency exchange rates, and other useful links.
Learn about Form 8938, a statement of specified foreign financial assets that expats may need to report to the IRS. Find out the thresholds, penalties, differences with FBAR, and how to file with H&R Block.
Don’t Confuse Form 8938 with FBAR: Both forms report foreign financial assets, but they are filed separately and have different requirements. Failing to file either form can result in penalties. It is crucial to follow the form 8938 instructions to avoid common pitfalls.
A failure to timely and accurately file an IRS Form 8938 can result in significant civil penalties and open statute of limitations periods. The following provides some helpful information about...
To properly assist clients with their foreign asset reporting, accountants should be well acquainted with the Form 8938 instructions. These instructions provide detailed guidance on how to complete the form accurately.
Learn how to access and use Form 8938, Statement of Specified Foreign Financial Assets, in ProSeries Professional and ProSeries Basic. Find out the purpose, thresholds, and tax help for this form.