IRS Expands Foreign Financial Asset Reporting
For 2011 the IRS has expanded for certain U.S. taxpayers the requirement for reporting on foreign owned assets. Form 8938 will be required to be filed with income tax returns for qualifying taxpayers. Please give us a call for more information or visit the IRS website at:
http://www.irs.gov/businesses/corporations/article/0,,id=251217,00.html