This is the first year I am handling the foreign assets reporting and my understanding is there is a 1) Form 8983 that you have to file to the IRS along with 2) FBAR which is to the FINCEN.
Is there also something related to FATCA reporting that I have to do before April 15 each year? My understanding is that when I setup my foreign bank account last year, the bank already handled this for me already?
Are there any other "gotchu's" I have to be aware of?
Is there also something related to FATCA reporting that I have to do before April 15 each year? My understanding is that when I setup my foreign bank account last year, the bank already handled this for me already?
Are there any other "gotchu's" I have to be aware of?