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Which Form? IRS Chart Explains Foreign Asset Reporting

The new Form 8938, Statement of Specified Foreign Financial Assets, does not eliminate a taxpayer’s obligation to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). Some taxpayers are required to file both.

A new comparisonchart explains the filing requirements for both Form 8938 and Form TD F 90-22.1.

Read more at: Tax Times blog

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