Internal Revenue Bulletin: 2012-8 |
February 21, 2012 |
Table of Contents
- T.D. 9565
- Rev. Rul. 2012-3
- Rev. Rul. 2012-4
- T.D. 9566
- T.D. 9567
- AGENCY:
- ACTION:
- SUMMARY:
- DATES:
- FOR FURTHER INFORMATION CONTACT:
- SUPPLEMENTARY INFORMATION:
- Paperwork Reduction Act
- Background
- Explanation of Provisions
- 1. Requirement to Report Specified Foreign Financial Assets
- A. Individuals required to file Form 8938, “Statement of Specified Foreign Financial Assets”
- B. Interest in a specified foreign financial asset
- C. Jointly owned assets
- A. Financial account maintained by a foreign financial institution
- B. Other specified foreign financial assets
- C. Special rule for foreign estates and foreign trusts
- D. Assets not subject to reporting under section 6038D
- A. Foreign currency conversion
- B. Valuing financial accounts
- C. Valuing other specified foreign financial assets
- D. Special valuation rules for interests in foreign trusts
- E. Special valuation rule for interests in foreign estates, pension plans, and deferred compensation plans
- F. Jointly owned assets
- A. Duplicative reporting of assets
- B. Owner of certain trusts
- C. Certain specified foreign financial assets held by a bona fide resident of a U.S. territory
- D. Form TD F 90-22.1, “Report of Foreign Bank and Financial Accounts” (FBAR)
- A. In general
- B. Presumption of aggregate value
- C. Reasonable cause exception
- Special Analyses
- Amendments to the Regulations
- Drafting Information
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