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  2. Foreign Account Tax Compliance Act - Wikipedia

    en.wikipedia.org/wiki/Foreign_Account_Tax...

    The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of ...

  3. Here’s why the IRS would want to audit your taxes - AOL

    www.aol.com/finance/why-irs-want-audit-taxes...

    You must file Form 8938 if the total value of your foreign assets is more than $50,000) for single taxpayers or those married filing jointly) or $100,000 for joint filers on the last day of the ...

  4. Swiss annuity - Wikipedia

    en.wikipedia.org/wiki/Swiss_Annuity

    A Swiss annuity is considered a foreign financial account and reportable to the U.S. Department of Treasury each year by filing Form TD F 90-22.1 (the "FBAR"). Further, a Swiss annuity generally is considered a specified foreign financial asset, which must be reported annually using IRS Form 8938 assuming the value is above certain thresholds.

  5. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  6. 5 red flags that can trigger a tax audit from the IRS - AOL

    www.aol.com/finance/5-red-flags-trigger-tax...

    Another issue that will catch the IRS's attention: Not filing Form 8253 for cash charitable donations over $500. High-income earner. ... you must fill out Form 8938, ...

  7. What Do You Need To File Taxes? A List of All the Documents ...

    www.aol.com/finance/file-taxes-list-documents...

    Tax filing can feel like a never-ending stack of paperwork — especially if you find yourself digging for documents as you try to work through your return. Having a checklist and preparing your ...

  8. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    IRS and Department of the Treasury seal on lectern. As early as the year 1918, the Bureau of Internal Revenue began using the name "Internal Revenue Service" on at least one tax form. [49] In 1953, the name change to the "Internal Revenue Service" was formalized in Treasury Decision 6038. [50]

  9. Bank Secrecy Act - Wikipedia

    en.wikipedia.org/wiki/Bank_Secrecy_Act

    It is identified as FinCEN Form 114 (formerly Treasury Department Form 90-22.1). [ 9 ] [ 10 ] Additionally, they must report the interest or dividend income from the accounts on Schedule B of the Form 1040 tax form and, if a higher threshold is exceeded, also report the amounts and interest on Form 8938.

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