3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

February 8, 2012 Tax News 2 Comments Print this page Share

1) You have a "Specified Foreign Financial Asset" which exceeds the filing requirements

Financial Assets that are subject to this form are: A Financial Account maintained by a foreign institution and the following assets not held in an account with a foreign institution:

* Stock or security issued by a foreign person

* Financial instrument where the issuer is not a U.S. Person 

* And any interest in a foreign … Continue reading »

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