US: IRS notifies taxpayers that domestic entities will not be required to report specified foreign financial assets on Form 8938 for tax years beginning before 31 December 2012 [TAX ALERT]

February 22, 2013

The IRS and Treasury announced in Notice 2013-10 that domestic entities will not be required to report interests in specified foreign financial assets on Form 8938 under Section 6038D for any tax year that begins before 31 December 2012. This notice does not affect the obligation of individuals to file.

Further details are available from the Ernst & Young Tax Alert which can be accessed using the link below:

Questions or comments? Contact T Magazine and Ernst & Young

EY refers to one or more of the member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. EYG is the principal governance entity of the global EY organization and does not provide any service to clients. Services are provided by EYG member firms. Each of EYG and its member firms is a separate legal entity and has no liability for another such entity's acts or omissions. Certain content on this site may have been prepared by one or more EYG member firms.