How to Complete IRS Form 8938 For Specified Foreign Financial Assets

Join our FREE Discord Server:   / discord   Join our Patreon:   / jasondknott   For a 2022 Update:    • How to File Form 8938 for Specified Foreig...   A U.S. person must complete Form 8938 and attach it to their Form 1040 if they have ownership interests in foreign financial assets that exceed certain thresholds during the tax year. In this video, I discuss a simple example where a U.S. person has a foreign bank account and ownership interest in a PFIC. Form 8621 MTM Election:    • How to Complete IRS Form 8621 - Mark to Ma...   Form 8621 QEF Election:    • IRS Form 8621 - How to Complete QEF Electi...   FBAR for Crypto:    • Do I Need an FBAR For My Crypto Holdings?   For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #Form8938 #8938 #SpecifiedForeignFinancialAssets