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Could this be the ultimate strategy for building and storing wealth? Sucharat jaikaew / Shutterstock.com
8938. That is the number of the IRS form you have to fill out to report foreign financial assets. If you own foreign assets, you have to fill out IRS Form 8938 even if you’ve lived out of the country for most of your life. However, here’s an important point: You do not have to report foreign real estate on 8938. Here’s the relevant reference from the IRS’s website: “Foreign real estate is…
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