Do I need to file Form 8938, “Statement of Specified Foreign Financial Assets”?
If you are doing not ought to file a tax return for the tax year, you are doing not ought to file form 8938, although the worth of your specific foreign assets is over the suitable coverage threshold. If you’re needed to file form 8938, you are doing not have to be compelled to report monetary accounts maintained by:- A U.S. payer (such as a U.S. domestic monetary institution), – The foreign branch of a U.S. financial organization,…