Articles Posted in foreign account reporting

FBAR vs. Form 8938: Do You Have to File Both?
Kugelman Law

The short answer to the FBAR vs. Form 8938 question is that they are two separate filings with different rules, and many taxpayers have to file both. The FBAR (FinCEN Form 114) goes to the Treasury Department and reports foreign financial accounts once they top $10,000 in total. Form 8938 is a FATCA form filed…

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