FATCA penalties

Form 8938 FATCA hidden filing traps (threshold, joint, penalties)

Have you ever wondered if you might be unknowingly caught in the hidden filing traps of Form 8938 under FATCA? You're not alone—many taxpayers find themselves confused by the tricky thresholds, joint filing rules, and steep penalties that come w…

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Form 8938 FATCA asset reporting (foreign accounts, penalties, compliance)

Have you ever wondered if you need to report your foreign financial assets to the IRS? If you have offshore accounts or investments, understanding Form 8938 and FATCA compliance is crucial to avoid hefty penalties. Many taxpayers find the reporting …

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