Tax time, next year, new requirements

Discussion in 'Living in Cancun' started by V, Aug 24, 2011.

  1. V

    V I can choose my own title Registered Member

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    http://www.irs.gov/pub/irs-dft/f8938--dft.pdf

    Click on the link above to see another tax form those who have foreign assets of any kind- bank accounts, Fideicomisos, other trusts, real property, etc.- will have to begin filing, Form 8938.

    It may represent the beginning of a move to unify all the reporting requirements for foreign assets into a single report, which would be nice. Now, my wife and I have to file four different forms. But, for the near term, 8938 will just be one more, added to the pile.
     
  2. V

    V I can choose my own title Registered Member

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    Tightening the screws

    Looks like they're serious....
     
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