What Happens If I Inherited a Foreign Account?
Inheriting a foreign account triggers FBAR, Form 3520, and Form 8938 obligations all at once. Here is how to handle each one before the IRS asks.
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Inheriting a foreign account triggers FBAR, Form 3520, and Form 8938 obligations all at once. Here is how to handle each one before the IRS asks.
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Quick answer: How much the IRS will settle for through an Offer in Compromise depends entirely on your reasonable collection potential — your assets plus