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I own shares in an ESOP and the company is an Irish PLC

Customer Question
I own shares in...

I own shares in an ESOP and the company is an Irish PLC publicly traded on Nasdq. The stock is held in a Morgan Stanley ESOP account. If I have over the required minimum amount for reporting do I have to complete form 8938 or FBAR?

Accountant's Assistant: The Accountant will know how to help. Is there anything else important you think the Accountant should know?

I believe because the stock is held in a US Brokerage account I do not have to report but I would like to confirm.

Submitted: 1 month ago.Category: Tax
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Answered in 1 hour by:
3/19/2018
Tax Professional: Barbara, Enrolled Agent replied 1 month ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,789
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

You are correct.

You have no reporting requirement.

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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Tax Professional: Barbara, Enrolled Agent replied 1 month ago

Just following up with you to see if you have any other questions. If so, please let me know so I can continue to assist you.

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Customer reply replied 1 month ago
No thanks for your help!
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

My goal is to provide you with excellent service. Please take a moment to rate my answer with a 5-star rating to let me know that I have achieved my goal.

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Barbara
Barbara, Enrolled Agent
Category: Tax
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