Cryptocurrency Tax Reporting For FBAR and FATCA
Cryptocurrency Tax Reporting For FBAR and FATCA
CRYPTOCURRENCY
TAX REPORTING FOR
FBAR AND FATCA
by
CRYPTOTAPAS.COM
WHAT’S
INSIDE
How to complete FinCEN Form 114, step-by-step guide
questions.
AND FATCA:
However, if you are among the 1000s of
reporting.
Form 114.
located outside the US. Please note that while the digital
rules.
$50
Because the sum total of all the accounts together exceeds
financial accounts.
How to file?
requested.
Form 114
What is FATCA
and why should
I care?
following forms:
Gifts
Electing Fund
Assets
W h o i s a U n i t e d S t a t e s p e r s o n f o r
F o r m 8 9 3 8 ?
W h a t a r e t h e f i l i n g t h r e s h o l d s
f o r F o r m 8 9 3 8 ?
filing thresholds.
D i f f e r e n c e b e t w e e n F B A R a n d
F A T C A
below.
f o r F i n C E N F o r m 1 1 4
and the calendar year for which you are filing the form
calendar year.
correspondence at.
situation.
information.
As you can see, we couldn’t find Binance’s actual address
those accounts. You first start with your details and then
just add your spouse details for ALL accounts where you
thresholds of FBAR.
Frequently Asked Questions
values?
For the purposes of Form 8938, you can use IRS rates, link
here.
Form 114 and Form 8938. If you are filing ‘married filing
assigned your account any unique ID, if so, you can use
opinion.
myself?
those accounts.
are my obligations?
those accounts.
security tokens?
Yes. See below.
8938?
(and IRS) rule that the tokens you hold are securities – then
Form 114?
the instructions:
U.S.C Section 5322 (a) and (b) both cover penalties ranging
Even if you are not required to file FinCEN Form 114, you
regulations
References with QR codes
FATCA Forms
IRS rates
This material has been prepared for general
Contact: [email protected]
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