Need More Help?
I always try to remind people that how you approach cross-border tax is unique to your circumstances. Sometimes, it’s just easier to get detailed information from a cross-border CPA and Chartered Accountant who can answer ALL of your questions. If that’s you, let’s schedule a call to get you some help.
Who is required to report under FATCA?
Hi Mohammad, should I fill out FATCA under cross-border taxes.
FATCA addresses those U.S. taxpayers who have foreign assets with a value crossing above $50,000 (This is different for those residing in the US and those living abroad). It needs those taxpayers to report these financial belongings on Form 8938.
If you fall under this category, it’s advisable to report your assets on Form 8938. For more details, consult a CPA to know more about and to save your money.
