Penalties for Inaccurate and Untimely IRS Form 8938 When it comes to failing to file a timely or accurate Form 8938 in order to report Specified Foreign Financial Assets, one of the key issues to consider is whether or not the IRS will assess penalties against the taxpayer. Not all U.S. Taxpayers who fail to […] The post The Penalties for Failing to File Accurate or Timely Form 8938 appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel.
