In short, overlooking or delaying the filing of Form 8938 not only subjects you to hefty fines and protracted audits but also leaves you with indefinite exposure to IRS enforcement actions.

Expats have two further reports for foreign financial accounts and assets: FBAR and FATCA Form 8938. Both reports are meant to combat tax evasion but have some key differences. The FBAR ...

(MENAFN- PR Newswire) What is Cryptocurrency? Cryptocurrency is a decentralized virtual currency. Unlike traditional currency, it exists independently of any government or financial institution.