IRS Releases Guidance on Foreign Financial Asset Reporting

2019-03-05T23:44:23-07:00January 23rd, 2012|Tax Law|

The Internal Revenue Service in coming days will release a new information reporting form that taxpayers will use starting this coming tax filing season to report specified foreign financial assets for tax year 2011. Form 8938 (Statement of Specified Foreign Financial Assets) will be filed by taxpayers with specific types and amounts of foreign financial [...]