Form 8938 Filing Requirements. One of the most confusing parts of filing taxes as an expat is knowing which forms you have to fill out and what income you need to report. Bonds issued by a foreign company.
Form 8938 Meadows Urquhart Acree and Cook, LLP
Web find out if you need to file irs form 8938 with the expat tax preparation experts at h&r block. Retirement assets maintained at foreign institutions. Web refer to form 8938 instructions for more information on assets that do not have to be reported. Web information about form 8938, statement of foreign financial assets, including recent updates, related forms and instructions on how to file. Web taxpayers generally have an obligation to report their foreign asset holdings to the irs on form 8938, statement of specified foreign financial assets, and to the financial crimes enforcement network (fincen) on fincen form 114, report of foreign bank and financial accounts (fbar). One of the most confusing parts of filing taxes as an expat is knowing which forms you have to fill out and what income you need to report. Use form 8938 to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting threshold. Any level of ownership in a foreign business entity or trust. Bonds issued by a foreign company. Web if you are required to file form 8938, you must report your financial accounts maintained by a foreign financial institution.
You are a specified person (either a specified individual or a specified domestic entity). You must file form 8938 if: You are a specified person (either a specified individual or a specified domestic entity). Use form 8938 to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting threshold. Taxpayers who meet the form 8938 threshold and are required to file a tax return will also be required to include specified foreign asset reporting with their tax return. Web owning the following types of assets also must be reported on form 8938 if your total foreign asset value exceeds the appropriate threshold: Form 8938 threshold & requirements. Retirement assets maintained at foreign institutions. Web refer to form 8938 instructions for more information on assets that do not have to be reported. Web if you are required to file form 8938, you must report the specified foreign financial assets in which you have an interest even if none of the assets affects your tax liability for the year. See specified individual, specified domestic entity,.
