Form 8938 Vs. FBAR Filing, Reporting & Penalties Explained AKIF CPA
Filing Form 8938. Web form 8938 reporting & filing requirements: Ad get ready for tax season deadlines by completing any required tax forms today.
Form 8938 Vs. FBAR Filing, Reporting & Penalties Explained AKIF CPA
Web form 8938 is used to report your foreign financial assets if the total value exceeds a certain threshold based on your filing status and the types of assets. Web statement of specified foreign financial assets 3 type of filer specified individual b partnership c corporation d trust 4 if you checked box 3a, skip this line 4. Web do i need to file form 8938, statement of specified foreign financial assets? Web form 8938 thresholds for 20232. To get to the 8938 section in turbotax, refer to the following instructions: Web we have prepared a summary explaining the basics of form 8938, who has to file, and when. Web under prior law, the reporting of sffas on form 8938 solely applied to individuals, provided that the value of the reportable foreign assets exceeded the. Complete, edit or print tax forms instantly. If you are required to file form 8938 but do not file a complete and correct form 8938 by the. Taxpayers can file form 4868 by mail, but remember to get your request in the mail by tax day.
Web form 8938 thresholds for 20232. Web married filing a joint return (2) other individual. Ad access irs tax forms. Form 8938 and the fbar are both due by the april 15 tax deadline, but have different. Web form 8938 filing requirements by kunal patel “fatca” (foreign account tax compliance act) requires specified individuals to report ownership of specified foreign financial assets. Web we have prepared a summary explaining the basics of form 8938, who has to file, and when. Web form 8938 is issued by the irs rather than fincen. Complete, edit or print tax forms instantly. Form 8938 threshold & requirements u.s. Web filing form 8938 is only available to those using turbotax deluxe or higher. Web in general, form 8938 penalties will be $10,000 per year.