FBAR and Form 8938 Filing requirements
Hi,
I had few questions about filing requirements.
- After a US visitor gains US resident status (via green card), is he supposed to report his foreign income even for the months in a year he was a US visitor?
- If his income after gaining US resident status is below the Federal filing limit, does he still need to file taxes? Where can I find the Federal filing limits for 5 months US residency? The IRS lists the limits for 12 months US residency.
- If he does not require to file taxes based on his income, does he still need to submit FBAR and Form 8938 based on his account balance?