The IRS Amnesty Program represents a new chance for taxpayers to become compliant. It's designed to encourage people to report assets that they failed to bring up earlier by providing them with more favorable circumstances and a wider range of options.
New Form 8938 Rules and Foreign Financial Accounts
Even though some of these are already reported elsewhere, the new form doesn't come as a surprise to those who have followed the recent progress of the TDF or F-BAR.