Foreign Accounts and Assets - FBAR vs 8938

Each year, under the law known as the Bank Secrecy Act, a taxpayer must report certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the office of the Financial Crimes Enforcement Network (FinCEN).

JEFFREY A. SCHNEIDER

EA, CTRS, ACT-E, NTPI Fellow

On Demand Webinar

2H CE

$50

FBAR SEMINAR CONTENT

Each year, under the law known as the Bank Secrecy Act, the taxpayer must report certain foreign financial accounts, such as bank accounts, brokerage accounts, and mutual funds, to the Financial Crimes Enforcement Network (FinCEN) office. A taxpayer also needs to use Form 8938 to report his or her specified foreign financial assets if the total value of all specified foreign financial assets the taxpayer has an interest in is greater than the appropriate reporting threshold.

Learn the relevant reporting requirements and thresholds for each form and determine whether individuals or domestic entities must file Form 8938 or FinCEN Form 114, or both.

FBAR

  • English On Demand Webinar

  • Digital Material

  • Digital Platform

  • 2 CE Hours reported to IRS

  • Included in the VIP Membership of LABITAX

$50

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