2012-11-28
Below is a table summarizing the filing thresholds for Form 8938. If an individual's foreign financial assets exceed either the year end threshold or the during the year threshold, then the individual must file Form 8938.
The IRS has a nice comparison table showing the types of assets that need to be included on Form 8938 versus the FBAR at Form 8938 / FBAR comparison.
DISCLAIMER
The posts on this blog have not been verified for accuracy. You should consult an attorney for legal advice regarding your own situation. These posts are not updated for changes in the tax laws. Further, these posts should not be relied upon for any purpose whatsoever.
65 Main Street, Centerbrook, Connecticut, 06409 USA | Ph: (860) 767-4975 | Fax: (860) 756-0954
Copyright © 2004 – 2024, Andrew Mitchel LLC. All rights reserved.