IRS/Dept. of Treasury – Filing Requirements for Foreign Assets Over $10k.

Do you have a foreign bank account, own shares in foreign hedge fund, or hold any other foreign investment housed overseas which can be valued at $10,000 or more?  If so, the IRS & Department of Treasury require taxpayers to disclose certain information regarding this foreign activity via Form TDF-90.22 or potentially Form 8938 if the value is more than $50,000.