For a 2022 Update: [ Ссылка ]
A U.S. person must complete Form 8938 and attach it to their Form 1040 if they have ownership interests in foreign financial assets that exceed certain thresholds during the tax year.
In this video, I discuss a simple example where a U.S. person has a foreign bank account and ownership interest in a PFIC.
Form 8621 MTM Election: [ Ссылка ]
Form 8621 QEF Election: [ Ссылка ]
FBAR for Crypto: [ Ссылка ]
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#Form8938 #8938 #SpecifiedForeignFinancialAssets
