Is a Malta Pension Plan Reported on Form 8938, IRS Amnesty. Learn about the Form 8938 Reporting for Maltese Foreign Retirement Schemes.| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
Substantial Presence And Form 8938 For U.S. Taxpayers who are considered to be U.S. persons for tax purposes, they may have to file a Form 1040 — along with various international information reporting forms if any year that they have foreign accounts, assets, or investments to disclose and meet the threshold filing requirements for reporting. […] The post Substantial Presence and Form 8938, Who Must File, Exceptions appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Global T...| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
Delinquent Form 8938 & Penalty Abatement for Late-Filing For U.S. taxpayers who did not previously report their Form 8938 (Specified Foreign Financial Assets) in one or more prior years — and possibly other international information reporting forms, the Internal Revenue Service offers many different offshore disclosure programs and procedures they can use to […] The post Delinquent Form 8938 & Penalty Abatement (New Update 2024) appeared first on Form 8938 & FATCA: Foreign Ass...| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
Do Lawful Permanent Residents File Form 8938 When it comes to international information reporting, Form 8938 is a relative newcomer to the world of international tax and reporting compliance. The Form 8938 is used to report ‘specified foreign financial assets’ in accordance with FATCA (Foreign Account Tax Compliance Act). Taxpayers who are considered U.S. Persons […] The post Do Lawful Permanent Residents File Form 8938, Treaty Election appeared first on Form 8938 & FATCA: Foreign Asset...| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
U.S. Citizens and Form 8938 The Form 8938 is required by certain U.S. Persons who own specified foreign financial assets and meet the threshold for filing. Unlike certain other international information returns, the IRS Form 8938 is only required if the person is required to file a tax return in that year. In other words, […] The post Do U.S. Citizens Living Abroad File IRS Form 8938? appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel.| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
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.| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
What is a Specified Foreign Financial Asset, Form 8938. Understanding what the Definition is of a Specified Foreign Financial Asset (Form 8938).| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
Who Must File the Form 8938 The Form 8938 is used to report Specified Foreign Financial Assets to the IRS. It is a tax form that is filed in conjunction with a U.S. Person’s tax return. In other words, if a Taxpayer is not required to file a U.S. tax return, they are not required […] The post Who Must File the Form 8938, Specified Persons and Exceptions appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel.| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
Tax Form 8938 Filing Requirements for Foreign Assets When it comes to international tax and offshore reporting, IRS Form 8938 is the new kid on the block. This article will focus on the requirements for US Person individuals who have certain specified foreign financial assets and are required to file US tax returns. The Form […] The post (Almost) Everything About IRS Form 8938 You Need for Filing appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel.| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel
Late-Filed Form 8938 Each year, U.S. taxpayers who have ownership or an interest in foreign accounts or foreign assets may have several international information reporting requirements they have to comply with. One of the most common forms that the taxpayer may have to file is Form 8938, Statement of Specified Foreign Financial Assets, which is […] The post Late-Filed Form 8938, Statute of Limitations & Failure to Report appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Globa...| Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel