What Offshore Assets Must Be Reported to the IRS?

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Many Americans with property or assets abroad wonder what must be reported to the Treasury and IRS and what can remain private. This Alert outlines offshore assets that don’t require US disclosure, focusing on international real estate.

We’ll explain key US reporting laws (like FBAR and FATCA), why people hold offshore assets, and which assets are non-reportable under current rules.

You’ll also learn how to structure foreign real estate holdings legally while staying compliant with US tax laws.

Overview of US Offshore Asset Reporting Laws

US taxpayers must report certain foreign assets and accounts to remain compliant. The two main reporting rules are:

#1. FBAR (Foreign Bank Account Report)

US “persons” (citizens, residents, entities) must file an FBAR (FinCEN Form 114) if the total value of their foreign bank, securities, or other financial accounts total more than $10,000 at any time during the year.

This includes:

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Our premier membership service, the Nestmann Inner Circle provides an ongoing source of research and resources to help you build your own domestic and offshore Plan B the right way the first time. From banking and asset management to business protection, second passports to residencies. Who to follow and what to avoid.