Tag: asset protection planning

The new Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file Form TD F 90-­‐22.1 (Report of Foreign Bank and Financial Accounts). Individuals must file each form for which they meet the relevant reporting threshold.




[message type=”custom” width=”100%” start_color=”#FFFCB5″ end_color=”#F4CBCB” border=”#BBBBBB” color=”#333333″]Comparing Forms[/message]

Form 8938, Statement of Specified Foreign Financial Assets

Form TD F 90-­‐22.1, Report of Foreign Bank and Financial Accounts (FBAR)

Who Must File? Specified individuals, which includeU.S citizens, resident alie