@17594354371 , since you have passed the Substantial Presence Test and therefore a "Resident for Tax Purposes " for the tax year 2024, you cannot ask to be treated as a resident for the year-- you already are. This special feature works ONLY for persons not meeting SPT in the current tax year but will meet SPT during the following year ( and they can only request /file only after the date they meet the SPT). AS I mentioned while you are resident for the tax year 2024, the start of residency is the first day you were legally present in the US. Thus , no matter how you cut it , you still cannot use the standard deduction.
Form 8938 -- Specified Foreign Financial Asset is filed with your tax return. So you file it with your return ( due by 10/15/2025
The FBAR form ( form 114 , ONLY on liner filing allowed ) is at www.FinCen.gov and that is generally April 15th. Just go ahead and file that form ASAP. When you go to FinCen.gov, search for form 114 and it will redirect you to BSA-E-file site where you have to fill out the required information --- bank/financial institution name , address and the max amount for the year 2024. Note that you have to report accounts that you own/operate as also ones over which you have only signature authority ( but is operated by someone else -- often an account owned by an older relative and you have signature authority in case of emergency ).
Is there more I can do for you ?
