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Etiket 'us inheritance tax for non us citizens' (1)

The Form 8938

Although, 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 steps lately to enforce the FATCA compliance among the US citizens and green card holders....

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