Additional sheets. If you have more than one account or asset to report in Part V or VI, or more than one issuer or counterparty to report in Part VI, use the continuation statement provided after page 2. Copy as many continuation statements as you need, and attach the completed statements to Form 8938 following page 2.
https://www.irs.gov/instructions/i8938/ch02.html
Custodial account. If you want to make investments on a minor's behalf, or transfer property you own to that person, you can open a custodial account with a bank, brokerage firm, mutual fund company, or insurance company.
http://financial-dictionary.thefreedictionary.com/Custodial+account
If you own the account or asset jointly with your spouse, check the box on line 3c. If you did not report any income, gain, loss, deduction, or credit for this account or asset on your tax return or any schedule or form attached to your income tax return filed for the tax year, check the box on line 3d.
https://www.irs.gov/instructions/i8938/ch02.html
An account which is created for the benefit of a minor, usually at a bank, mutual fund, or brokerage, with an adult as the custodian.
http://www.investorwords.com/1263/custodial_account.html
One drawback of a custodial account is that the assets are considered the property of the child, and may reduce the amount of financial aid the child qualifies for when he or she enrolls in a college or university.
http://financial-dictionary.thefreedictionary.com/Custodial+account
Freebase(0.00 / 0 votes)Rate this definition: Custodial account. A custodial account is a financial account set up for the benefit of a beneficiary, and administered by a responsible adult, known as a custodian who has a fiduciary obligation to the beneficiary.
http://www.definitions.net/definition/custodial%20account
Definitions for custodial account. custodial account(noun) a brokerage firm account that parents have created for a minor. Custodial account. A custodial account is a financial account set up for the benefit of a beneficiary, and administered by a responsible adult, known as a custodian who has a fiduciary obligation to the beneficiary. In one form, a custodial account is an account set up for a minor, because the minor is under the legal age of majority.
http://www.definitions.net/definition/custodial%20account
Freebase(0.00 / 0 votes)Rate this definition: A custodial account is a financial account set up for the benefit of a beneficiary, and administered by a responsible adult, known as a custodian who has a fiduciary obligation to the beneficiary.
http://www.definitions.net/definition/custodial%20account
Use Part V to report information for foreign deposit and custodial accounts. If you have more than one account, attach a continuation sheet with the required information for each additional account and check the box at the top of page 1 of the form.
https://www.irs.gov/instructions/i8938/ch02.html
If you did not report any tax item for a specified foreign financial asset on any form or schedule for the tax year, check the box on line 3d of Part V or Part VI for the account or asset.
https://www.irs.gov/instructions/i8938/ch02.html
define custodial account
Custodial account is a brokerage firm account that parents have created for a minor. The Custodial account is a brokerage firm account that parents have created for a minor.