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Get the free Form 8938: Information Return for Foreign Financial Assets ...

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Application form individuals This form is for an individual, other than a US person, who wishes to invest in any of the funds listed in the document. Please read the current Terms and Conditions that
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How to fill out form 8938 information return

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How to fill out form 8938 information return

01
Obtain form 8938 from the IRS website or a tax professional.
02
Fill in your personal information at the top of the form, including your name, address, and social security number.
03
List all specified foreign financial assets you own or have an interest in during the tax year.
04
Fill out the value of each asset in U.S. dollars.
05
Determine if the total value of your specified foreign financial assets exceeds the reporting threshold based on your filing status and residency.
06
Sign and date the form before submitting it to the IRS.

Who needs form 8938 information return?

01
Individuals who meet the filing requirements set by the IRS are required to file form 8938 information return.
02
Generally, individuals with specified foreign financial assets that exceed certain thresholds are required to file form 8938.
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Form 8938 is a statement of Specified Foreign Financial Assets.
U.S. citizens, resident aliens, and certain nonresident aliens that have an interest in specified foreign financial assets.
Form 8938 must be completed with information on the taxpayer's foreign financial assets including account numbers, maximum values during the tax year, and other required details.
The purpose of Form 8938 is to report foreign financial assets that exceed certain thresholds in order to combat tax evasion.
Information such as account numbers, maximum values, and details of specified foreign financial assets must be reported on Form 8938.
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