Foreign Financial Assets Reporting and Gift

FBAR Reporting 

It’s time for the required filing for the Report of Foreign Bank and Financial Accounts (FBAR). Any resident (Not applicable to NR) individual with total amount of $10,000 for all his/her oversea accounts will need to report every account via this website. Please see the difference in attached comparison of FBAR requirement and F8938 requirement. Please make sure you file the FBAR via this website by deadline (April 18, 2017):  http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

Form 8938

Instruction https://www.irs.gov/pub/irs-pdf/i8938.pdf

Gift Letter Sample 

You can use the form as a sample letter:  Gift Form To whom it may concern

Form 3520

Instruction https://www.irs.gov/pub/irs-pdf/i8938.pdf

 

 

 

 

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