Form 8938 Continuation Statement 2024

Form 8938 Continuation Statement 2024 - DESCRIPTION The Foreign Account Tax Compliance Act FATCA enacted to target noncompliance by U S taxpayers with certain foreign financial accounts and offshore assets requires U S citizens and residents who own certain foreign financial accounts and offshore assets to report those accounts and assets on Form 8938

Now to create the next continuation statement for the 3rd account you click on New Copy button on top The software is going to generate the entire Form 8938 but you can skip the 1st and 2nd page and go to page 3 for the next continuation statement Write page 4 on the corner and fill in information

Form 8938 Continuation Statement 2024

Form 8938 Continuation Statement 2024

The filing of Form 8938 does not relieve you of the separate requirement to file the FBAR if you are otherwise required to do so, and vice-versa. Depending on your situation, you may be required to file Form 8938 or the FBAR or both forms, and certain foreign accounts may be required to be reported on both forms.

If you have attached additional statements check here Number of additional statements 1 Name s shown on return 2 Taxpayer identification number TIN 3 Type of filer a Specified individual b Partnership c Corporation d Trust 4 If you checked box 3a skip this line 4 If you checked box 3b or 3c enter the name and TIN of the

How To Add Continuation Pages With Form 8938 In H R Block TechWalls

Information about Form 8938 Statement of Foreign Financial Assets including recent updates related forms and instructions on how to file Use Form 8938 to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting threshold

2011 8938 Form Fill Out Sign Online DocHub

Form 8938 Each year the US Government requires US Taxpayers who own foreign assets investments and accounts to disclose this information on Internal Revenue Service Form 8938 in addition to filing a US Tax Return to comply with FATCA Technically speaking Form 8938 refers to the IRS Statement of Specified Foreign Financial Assets filed by US Persons with FATCA Assets that are

The New Form 8938 Reporting Requirements Explained 2023 2024

To enter the information for Form 8938 in the TaxAct program From within your TaxAct return Online or Desktop click Federal on smaller devices click in the top left corner of your screen then click Federal Click the Investment Income dropdown then click Specified foreign financial assets Continue with the interview process to enter

Form 8938 Filing Instructions 2021 JWord

Generally any U S person holding an interest in specified foreign financial assets with an aggregate value exceeding 50 000 at the end of the tax year or 75 000 at any time during the tax year is required to report these assets on Form 8938 Specified foreign financial assets include Foreign bank accounts

Filing Form 8938 is only available to those using TurboTax Deluxe or higher. To get to the 8938 section in TurboTax, refer to the following instructions: Open or continue your return if you're not already in it; Search for 8938 and select the Jump to link at the top of the search results; On the Foreign Financial Assets screen, select Yes, I have foreign financial assets

Basic Questions And Answers On Form 8938 Internal Revenue Service

If you have attached continuation statements check here Number of continuation statements 1 Name s shown on return 2 Taxpayer identification number TIN 3 Type of filer a Specified individual not need to include these assets on Form 8938 for the tax year 1 Number of Forms 3520 2 Number of Forms 3520 A 3 Number of Forms

Form 8938 Continuation Statement 2024

Generally any U S person holding an interest in specified foreign financial assets with an aggregate value exceeding 50 000 at the end of the tax year or 75 000 at any time during the tax year is required to report these assets on Form 8938 Specified foreign financial assets include Foreign bank accounts

Now to create the next continuation statement for the 3rd account you click on New Copy button on top The software is going to generate the entire Form 8938 but you can skip the 1st and 2nd page and go to page 3 for the next continuation statement Write page 4 on the corner and fill in information

Fillable Online Irs Form 8938 Continuation Sheet PDF Irs Form 8938 Continuation Sheet PDF Fax