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May 27, 2012

IRS Chart Comparing What to Include on Form 8938 and on FBAR Form (TDF 90-22.1)

The link below leads to the IRS Comparison Chart showing what  types of assets to include on Form 8938 and the FBAR form (TDF 90-22.1) or on both.  Both of these forms must be filed for 2011 if applicable or you risk a $10,000 penalty for each for failing to report foreign financial assets and foreign financial accounts.  If you need us to fill of these forms for you or review the form you self prepared for completeness and correctness, we do provide that service.


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