Information about Form 8938, Statement of Foreign Financial Assets, including recent updates, related forms and instructions on how to file.

Oct 12, 2023 · Form 8938, officially known as the “Statement of Specified Foreign Financial Assets,” is the document individuals and certain entities use to report their foreign financial …

Form 8938 is filed by U.S. persons who are required to file a tax return in the year that the Form 8938 threshold requirement is met. For the purposes of these examples, we focus on …

Apr 15, 2025 · Form 8938 explained for expats: Learn who must file, what assets are reportable, and how to avoid costly IRS penalties for foreign financial accounts.

Learn how to accurately report your foreign financial assets using IRS Form 8938 to avoid penalties and ensure compliance with FATCA requirements.

Jul 14, 2025 · What Is Form 8938? Form 8938 was introduced as part of the FATCA legislation enacted in 2010 to combat offshore tax evasion by U.S. taxpayers. The form must be filed by …

Use Form 8938 to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the appropriate reporting …

Oct 25, 2022 · Form 8938 is one of the more difficult forms you’ll encounter, so below we’ll guide you through what it is, who needs to file, how to file, and what may happen if you don’t.

Jul 15, 2025 · What exactly is Form 8938? Who needs to fill it out, and how does it differ from FBAR? Let's look at it in detail in this article.

Mar 3, 2025 · IRS Form 8938, the Statement of Specified Foreign Financial Assets, is crucial for US taxpayers with financial interests in foreign assets. The Foreign Account Tax Compliance …