The IRS has just published further information on when to file forms 8938 (to report foreign financial assets) and TDF 90-22.1 (FBAR) to report foreign financial accounts. Their guidance clarifies when foreign currency and precious metals located in foreign countries must be reported. The Chart is easy to understand and can be read HERE.
If you wish assistance in preparing these forms or wish to have your own self prepared forms reviewed by an expert contact us.
If you wish assistance in preparing these forms or wish to have your own self prepared forms reviewed by an expert contact us.
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