All tagged FATCA

The IRS just released revised instructions for the Form 8938 that impact what and who is required to report certain foreign financial assets.  The revised reporting generally only applies to tax years 2011 - 2014 and for tax years starting on or after 12/12/2014 it changes again.  There are two changes, one for who is required to report and the second is for what is required to be reported - both of which are the result of the final regulations.