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hey Anthony we are continuing our FATCA series weamp;#39;re up to Episode four I thanked for yep weamp;#39;ve talked about what fat is why itamp;#39;s so annoying what to do if you get a letter and today weamp;#39;ll talk about filing deadlines for form 8938 start with the basics FATCA is the foreign account Tax Compliance Act which is a federal law that requires all US taxpayers even those living outside of the US to report their non US financial accounts yearly itamp;#39;s also requiring all non US financial institutions to search their records for suspected US persons and report their identities and assets to the US Treasury okay so per IRS govt they say unless an exception applies you must file form 8938 if you are a specified individual that has an interest in specified foreign financial assets and the value of those assets thereamp;#39;s more than the applicable reporting threshold if youamp;#39;re required to file form 8938 you must report the specified foreign financial
