Do I need to file Form 8938, “Statement of Specified Foreign Financial Assets”?

May 07 2018
alpesh
  • 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, or
    – The U.S. branch of an overseas financial organization.

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