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.
See https://youtu.be/z0AbvnQ6-oA for a video explaining this information on IRS Penalty Abatement One of the most common concerns people express when they have IRS problems
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