Get the free Instructions for Form 8938 Rev December 2013 - Pillsbury Tax Page

Instructions for Form 8938 Department of the Treasury Internal Revenue Service (Rev. December 2013) Statement of Specified Foreign Financial Assets Section references are to the Internal Revenue Code

How to fill out instructions for form 8938

How to fill out instructions for Form 8938:

Start by gathering all necessary information and documents:

1. Begin by obtaining a copy of Form 8938 from the official IRS website.
2. Collect your personal details such as name, address, and taxpayer identification number.
3. Gather information on all specified foreign financial assets, including account numbers and balances.

Carefully read through the instructions provided on Form 8938:

1. Familiarize yourself with the definitions and terms used in the instructions.
2. Understand the thresholds and requirements for reporting foreign financial assets.

Complete Part I - Reporting Foreign Financial Assets:

1. List each foreign financial account that meets the reporting requirements in the appropriate section.
2. Provide the required information for each account, including the maximum value during the year and the account's location.

Complete Part II - For Certain Foreign Financial Assets:

1. Include other specified foreign financial assets that meet the reporting threshold.
2. Provide the necessary details for each asset, such as the type, maximum value, and description.

Fill out Part III - Filers Residing in a U.S. Territory:

If you reside in a U.S. territory, provide the required information for reporting your foreign financial assets in this section.

Follow the instructions for completing the remaining sections:

Answer any additional questions or provide any supplementary information as instructed.

Who needs instructions for Form 8938?

1. Individuals who are U.S. taxpayers and meet the specified threshold for reporting foreign financial assets need instructions for Form 8938.
2. Non-resident alien individuals who elect to be treated as U.S. residents for tax purposes also require these instructions.
3. Certain U.S. taxpayers living in U.S. territories may need to follow the specific instructions provided for filers residing in a U.S. territory.

Note: It is important to consult a tax professional or refer to the official IRS instructions for Form 8938 to ensure accurate and compliant reporting.

For pdfFiller’s FAQs

How do I execute instructions for form 8938 online?

Completing and signing instructions for form 8938 online is easy with pdfFiller. It enables you to edit original PDF content, highlight, blackout, erase and type text anywhere on a page, legally eSign your form, and much more. Create your free account and manage professional documents on the web.

How do I make changes in instructions for form 8938?

The editing procedure is simple with pdfFiller. Open your instructions for form 8938 in the editor, which is quite user-friendly. You may use it to blackout, redact, write, and erase text, add photos, draw arrows and lines, set sticky notes and text boxes, and much more.

How can I fill out instructions for form 8938 on an iOS device?

Make sure you get and install the pdfFiller iOS app. Next, open the app and log in or set up an account to use all of the solution's editing tools. If you want to open your instructions for form 8938, you can upload it from your device or cloud storage, or you can type the document's URL into the box on the right. After you fill in all of the required fields in the document and eSign it, if that is required, you can save or share it with other people.