Just another quick post to draw your attention to this April 15th article in the New York Times by David Jolly.
“It’s a monstrosity,” Steven R. Horton, whose tax practice in Paris advises American expatriates, said of the new demand from the U.S.Internal Revenue Service: Form 8938, the Statement of Specified Foreign Financial Assets. “It compels every taxpayer to try to find a way that they’re guilty of some kind of omission.”
David lives abroad, so these issues impact him too. You can follow David on Twitter @davjolly.