What Offshore Assets Must Be Reported to the IRS?
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Contents
- Overview of US Offshore Asset Reporting Laws
- Who Needs to File Form 8938 (FATCA)?
- Why Internationalize Your Assets
- Offshore Assets That Do Not Need to Be Reported
- Owning International Real Estate & US Reporting Rules
- Other Assets: Foreign Retirement Accounts, Life Insurance, And Cryptocurrency—Reportable or Not?
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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We have 40+ years experience helping Americans move, live and invest internationally…
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We have 40+ years experience helping Americans move, live and invest internationally…
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