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Get And Sign Form 8938 2017-2021

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hello Anthony hello Claudine we are continuing our FATCA series and we've talked a lot about what FATCA is FATCA form 8938 which we're actually going to touch on a little bit more today and in the future as it's a little complicated in simple terms for those who don't know fat cuz the federal law that requires all US taxpayers even those living outside of the US to report their non-us financial accounts yearly it's not a tax it's a reporting right and it's actually a specified fine foreign financial assets which is a little bit different than financial account yes cuz it includes financial accounts but includes a whole lot of other things it does in our last video we talked about sto P versus OVD p which is streamlined domestic offshore program versus the offshore voluntary disclosure program the different penalty basis so that was pretty interesting and so to follow up on that today we did want to talk about the different types of specified foreign assets what the heck does specified

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