Printable Form 8938 Jersey City New Jersey 2021-2025

Printable Form 8938 Jersey City New Jersey: What You Should Know

In December 2014, the Treasury Inspector General of Tax Administration confirmed that a Treasury Department employee was using IRS Form 8938 to report foreign accounts to the IRS. This is an administrative error in the use of Form 8938. However, this mistake does not pose a serious threat to the IRS because the IRS will treat such foreign accounts the exact same way it treats accounts with 10,000 in foreign assets or greater. If you would like the IRS to stop using Form 8938 for reporting foreign accounts and report accounts with foreign asset values of 10,000 or greater in the same manner on your tax return, contact IRS-HQ at. If the IRS cannot verify with you that you have these particular accounts, it does not necessarily mean that the IRS will not report these accounts on your tax return, but it does mean that you should let the IRS know.

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