Sunday, May 27, 2012
When to Include your Mexican and Other Financial Assets on Form 8938 and FBAR forms
The IRS has released a chart giving some guidance on what you need to include in the FBAR form (TDF 90-22.1) and what types of assets are included in the new 2011 form 8938. The best course of action is always to include a financial asset in the appropriate form(s) even if the IRS is not clear what should be included. CLICK HERE TO GO TO THE IRS CHART ON 8938 AND FBAR items to be included or excluded.