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Form 4938?

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Form 4938? Empty Form 4938?

Post by Kevind53 Sat Dec 17, 2011 11:09 am

I keep seeing mentions of IRS Form 4938, yet I can find no info on such a form on the IRS website. I did a search on goggle, and the only hits I saw were on dinar related sites. Can anyone cast a little light on this phantom phorm? confused scratch :study:

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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865
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Form 4938? Empty Re: Form 4938?

Post by Jayzze Sat Dec 17, 2011 11:15 am

should this investment be like stocks when you cash in it is either profit or loss you pay accordingly or does o what to screw us and we keep paying
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Form 4938? Empty Kevin reply

Post by dollarbill Sat Dec 17, 2011 11:45 am

Kevind53 wrote:I keep seeing mentions of IRS Form 4938, yet I can find no info on such a form on the IRS website. I did a search on goggle, and the only hits I saw were on dinar related sites. Can anyone cast a little light on this phantom phorm? confused scratch :study:

Kevin,

I am a CPA with 36 years experience, however, the majority of my time has been in the financial world with corporations and not practicing tax. However, one of my best friends is also a CPA with the same amount of experience in the tax world. He stated that Form 4938 has not yet been released to the general public (meaning CPAs and us). I learned that "some" folks are able to view unreleased forms. At that stage, the form MAY still be changed - depending upon any number of circumstances. Some forms are not ever released to the general public.

So we are in a waiting game here, also. I expect this wait to be short IF the IRS wants this to be released.

Come on RV! :cheers:
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Form 4938? Empty Re: Form 4938?

Post by Dee's Delight Sat Dec 17, 2011 11:56 am

Yes, go to www.IRS.Gov/pub/irs-dft then look for the #

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Form 4938? Empty Re: Form 4938?

Post by Kevind53 Sat Dec 17, 2011 12:23 pm

Nope no 4938 there ...
[ ] f4506a--dft.pdf 07-Oct-2011 01:02 67K
[ ] f4684--dft.pdf 01-Jul-2011 01:02 72K
[ ] f4720--dft.pdf 15-Sep-2011 01:00 169K
[ ] f4797--dft.pdf 02-Jun-2011 01:00 71K
[ ] f4835--dft.pdf 01-Jul-2011 01:02 70K
[ ] f4952--dft.pdf 01-Sep-2011 01:01 56K
[ ] f4970--dft.pdf 01-Jun-2011 01:00 57K
[ ] f5227--dft.pdf 06-Dec-2011 01:02 224K

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865
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Form 4938? Empty Re: Form 4938?

Post by CaptnJerry Sat Dec 17, 2011 2:17 pm

Kevin,
Do you mean Form 8938?
http://www.irs.gov/pub/irs-dft/f8938--dft.pdf

HTH,
CJ

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


Form 4938? Animated-smileys-leisure-013 Come on RI/RV!
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Form 4938? Empty Re: Form 4938?

Post by Guest Sat Dec 17, 2011 2:33 pm

....and the reporting requirment under the law and this form will only apply if you started one of those warka or similar accounts. AJ

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Form 4938? Empty Re: Form 4938?

Post by Kevind53 Sat Dec 17, 2011 2:43 pm

CaptnJerry wrote:Kevin,
Do you mean Form 8938?
http://www.irs.gov/pub/irs-dft/f8938--dft.pdf

HTH,
CJ

Nope, although I am wondering if that is what they are meaning ... I keep seeing 4938 in many postings ... off the top of my head there was one from cap1 last night or this morning, and I have seen it at least twice more today but don't remember where.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865
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Form 4938? Empty Re: Form 4938?

Post by Amarao Sat Dec 17, 2011 9:27 pm

I'm pretty sure that "4938" was a typo, as there is an excerpt from chat discussing form 8938 at the same time.

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Form 4938? Empty Re: Form 4938?

Post by Kevind53 Sat Dec 17, 2011 10:10 pm

That's what I though originally, but since then it has showed up several times. Perhaps it is the same mistake being picked up and repeated by others. delete

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865
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Form 4938? Empty Re: Form 4938?

Post by GODSERVANT Sat Dec 17, 2011 10:18 pm

4938 is correct, not out yet. present form initially from 6-2011. we'll see just
post rv. IMHO

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Form 4938? Empty Re: Form 4938?

Post by Kevind53 Sat Dec 17, 2011 10:30 pm

GODSERVANT wrote:4938 is correct, not out yet. present form initially from 6-2011. we'll see just
post rv. IMHO

My thought was we would not see it this year, since it does not show up even in draft form yet -- assuming it even existed.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865  Form 4938? 2805820865
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Form 4938? Empty Kevin, I saw 8938

Post by panamabev Sat Dec 17, 2011 10:37 pm

Kevin, I saw Form 8938, November 2011, Foreign Financial Assets, Department of the Treasury, Dept of the Internal Revenue Service. This was on their website. Could this be what they are meaning?? :?:

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Form 4938? Empty Re: Form 4938?

Post by panamabev Sat Dec 17, 2011 10:43 pm

CaptnJerry wrote:Kevin,
Do you mean Form 8938?
http://www.irs.gov/pub/irs-dft/f8938--dft.pdf

HTH,
CJ

Same, and only one I found too CaptnJerry!!

*****************
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Be careful of your words, for your words become your actions
Be careful of actions, for your actions become your habits
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Form 4938? Empty Re: Form 4938?

Post by TNman Sun Dec 18, 2011 8:57 am

I think it is a typo. i think people are referring to form 8938. I printed the form and all of the instructions. Across the face of the form is the wording, "Draft as of 06/21/2011".

Can you imagine what this will do to Turbo Tax? They sent out a CD to millions of people and I imagine that they have not included this form. Does that render all of those CDs useless?
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Form 4938? Empty Re: Form 4938?

Post by panamabev Sun Dec 18, 2011 10:40 am

TNman wrote:I think it is a typo. i think people are referring to form 8938. I printed the form and all of the instructions. Across the face of the form is the wording, "Draft as of 06/21/2011".

Can you imagine what this will do to Turbo Tax? They sent out a CD to millions of people and I imagine that they have not included this form. Does that render all of those CDs useless?

Ummm good question TNman. :?: Above, is the same form I spoke of, and it does have stamped across the front 'Draft as of 6/21/2011".

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Be careful of your thoughts, for your thoughts become your words
Be careful of your words, for your words become your actions
Be careful of actions, for your actions become your habits
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Form 4938? Empty Re: Form 4938?

Post by Bruno Sun Dec 18, 2011 5:21 pm

TNman wrote:I think it is a typo. i think people are referring to form 8938. I printed the form and all of the instructions. Across the face of the form is the wording, "Draft as of 06/21/2011".

Can you imagine what this will do to Turbo Tax? They sent out a CD to millions of people and I imagine that they have not included this form. Does that render all of those CDs useless?

NO. Turbo Tax is always updating data, info and forms. If it does not exist prior to your filing so what. If it comes out and you have not filed yet, you would obviously be required to use it.

My question is, if the RV is after the 1st of the year, do we have until the following April to file the tax? Is so, wouldn't that be an incentive for the USA to get this RV done in 2011? Just my opinion. I am not a tax man.

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Not ANOTHER Day. Not Another Day. I can't take this. I can't take this. NOT ANOTHER DAY!!

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Form 4938? Empty Re: Form 4938?

Post by madaussie Sun Dec 18, 2011 7:26 pm

unfortunately there are estimated taxes to pay on jan 15th,BUT i'm not sure whether they apply unless the irs has told you to pay estimated taxes which would be a year after the event.possible that there is also a $ threshold that requires the estimated taxes.seeing as their fave penalty is a % of taxes owed one ought to check into it with a cpa.
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