Smart Financial Solutions
Smart Financial Solutions
If you have money or assets in foreign countries, you may need to fill out two forms: Form 8938 and FBAR. They are not the same thing and they have different rules and limits. Form 8938 goes with your tax…
Reporting Foreign Financial Accounts and Assets A U.S. person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report a financial interest in or signature or other authority over at least one…