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Retirement tax questions
Yes, you need to file Form 3520-Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. You will also need to file Financial Crimes Enforcement Network (FinCEN) Form 114 - Report of Foreign Bank and Financial Accounts (FBAR), and Form 8938, Statement of Specified Foreign Financial Assets. For more information, go to IRS.gov/FBAR.
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‎February 12, 2024
8:48 PM