Statements (32)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:availableOn |
irs.gov
|
| gptkbp:compatibleWith |
nonresident aliens
entities (only individuals and certain specified domestic entities) |
| gptkbp:filingDate |
gptkb:Form_1040
|
| gptkbp:filingMethod |
annually
|
| https://www.w3.org/2000/01/rdf-schema#label |
Form 8938
|
| gptkbp:introduced |
gptkb:Foreign_Account_Tax_Compliance_Act
|
| gptkbp:introducedIn |
2011
|
| gptkbp:irsFormNumber |
8938
|
| gptkbp:irsInstructions |
Instructions for Form 8938
|
| gptkbp:issuedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:length |
8 pages
|
| gptkbp:officialName |
Statement of Specified Foreign Financial Assets
|
| gptkbp:penalty |
$10,000 minimum
40% penalty on underreported income up to $50,000 for continued failure |
| gptkbp:relatedTo |
gptkb:FBAR
gptkb:FATCA |
| gptkbp:reportsTo |
foreign bank accounts
foreign mutual funds foreign securities foreign stocks foreign financial instruments foreign partnership interests |
| gptkbp:requires |
U.S. taxpayers with specified foreign financial assets
|
| gptkbp:threshold |
$400,000 for married filing jointly living abroad (at year end)
$100,000 for married filing jointly (at year end) $50,000 for single filers (at year end) $200,000 for single filers living abroad (at year end) |
| gptkbp:bfsParent |
gptkb:U.S._expatriates
|
| gptkbp:bfsLayer |
5
|