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Etiket 'irc 965 transition tax statement' (1)

The Form 8938

Although, non resident alien tax rate - https://cacophonyfarm.com/index.php/International_Tax_Services both forms are used to report the foreign financial accounts, there are significant differences. Specifically, the types of financial accounts vary as well as the filing thresholds. Since we receive the large number of inquires, we decided to prepare the summary and clarify the differences between the FBAR form 114 and Form 8938. The IRS and Department of Treasury have undertaken multiple...

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