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European Union and Italian International Tax Law Blog

Reporting Requirements

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2012 New Self-Reporting Requirements For Foreign Financial Assets

By Marco Rossi on January 7, 2012

Starting with the tax year 2011, the new IRS Form 8938 must be filed by all U.S. persons if total foreign financial assets exceeded $50,000 at any point during the year.  Form 8938 will be in addition to the long-standing Treasury Department FBAR (Foreign Bank and Financial Accounts Report) required for financial assets abroad that…

Posted in International Taxation
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My name is MARCO ROSSI and I am an international lawyer specialized in EU and Italian international tax law for foreign individuals and companies investing or doing business in Italy and the EU. I am based in New York and…

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