Form 8938 Vs. FBAR Filing, Reporting & Penalties Explained AKIF CPA
Form 8938 Threshold 2022. For example, if a married couple filing jointly. You do not satisfy the reporting threshold of more than $400,000 on the last day of the tax year or more than $600,000 at.
Form 8938 Vs. FBAR Filing, Reporting & Penalties Explained AKIF CPA
Use form 8938 to report your. Web you must file irs form 8938 statement of specified foreign financial assets if you have an interest in specified foreign assets and the value of those assets is more than the. Web we have prepared a summary explaining the basics of form 8938, who has to file, and when. Web we last updated the statement of foreign financial assets in february 2023, so this is the latest version of form 8938, fully updated for tax year 2022. To get to the 8938 section in turbotax, refer to the following instructions: Web for an unmarried us resident, taxpayers file form 8938 in any year that the total value on the last day of the year exceeded $50,000, or if they have less than $50,000 on the last. Web form 8938 reporting & filing requirements: Single, head of household, married filing separately. You can download or print. Taxpayers who meet the form 8938.
Web filing form 8938 is only available to those using turbotax deluxe or higher. You do not satisfy the reporting threshold of more than $400,000 on the last day of the tax year or more than $600,000 at. Web we last updated the statement of foreign financial assets in february 2023, so this is the latest version of form 8938, fully updated for tax year 2022. For example, if a married couple filing jointly. Web as october 15, 2022, is fast approaching, now is the time for u.s. Web you must file irs form 8938 statement of specified foreign financial assets if you have an interest in specified foreign assets and the value of those assets is more than the. Web you and your spouse do not have to file form 8938. $200,000 on the last day of the tax year or more than. Fill out the required boxes which. You can download or print. Taxpayers who meet the form 8938.
