Starting with 2011 income tax returns, foreign financial assets over $50,000, unless held by a U.S. Broker, must generally be attached to Form 1040 using Form 8938. Member Joseph D. Brophy wrote an article for the January 2012 issue of the Tax Adviser summarizing the new requirements.
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« IRS REMINDS TAX PREPARERS TO RENEW PTINs | Main | COUPLES FILING JOINT RETURNS MUST NOW FILE SEPARATE POAs »
02/09/2012
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