Home
Forms Library
Form 8938 instructions

Irs 8938 instructions form 2015-2026

form 8938 instructions Preview on Page 1

See details

4.4 out of 5

571 votes

The document provides detailed instructions for Form 8938, which is used by specified individuals to report their specified foreign financial assets if the total value exceeds certain thresholds. It outlines who must file, the purpose of the form, reporting thresholds based on marital status and residency, and specific instructions for completing the form. Additionally, it highlights exceptions to reporting requirements, penalties for non-compliance, and guidelines for valuing foreign financial assets.

Here's how it works

01. Edit your form 8938 instructions online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out IRS 8938 instructions form 2015 with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the IRS 8938 instructions form in the editor.
Begin by entering your identifying information at the top of the form, including your name and taxpayer identification number (TIN). This is crucial for accurate processing.
In Part I, summarize your foreign deposit and custodial accounts. Report the number of accounts and their total maximum value during the tax year.
Proceed to Part II to summarize other foreign assets. Again, report the number of assets and their total maximum value.
In Part III, provide a summary of tax items attributable to specified foreign financial assets, detailing any interest, dividends, or gains.
Complete Parts V and VI with detailed information for each account or asset. Use continuation sheets if necessary for additional entries.
Review all entries for accuracy before saving your completed form. Utilize our platform's features to easily modify any sections as needed.

Start using our platform today to fill out your IRS forms online for free!

See more irs 8938 instructions form 2015 versions

We've got more versions of the irs 8938 instructions form 2015 form. Select the right irs 8938 instructions form 2015 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2021	4.8 Satisfied (251 Votes)
2020	4.4 Satisfied (127 Votes)
2019	4.2 Satisfied (89 Votes)
2018	4.4 Satisfied (135 Votes)
2017	4.1 Satisfied (73 Votes)
2016	4.3 Satisfied (73 Votes)
2015	4.4 Satisfied (571 Votes)
2011	4 Satisfied (48 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who is exempt from filing FBAR?

Example: A government employee retirement or welfare benefit plan is not required to file an FBAR because it is a governmental entity. Example: A state administered college or university is not required to file an FBAR because it is a governmental entity.

Do I have to file both form 8938 and FBAR?

The filing of Form 8938 does not relieve you of the separate requirement to file the FBAR if you are otherwise required to do so, and vice-versa. Depending on your situation, you may be required to file Form 8938 or the FBAR or both forms, and certain foreign accounts may be required to be reported on both forms.

Can I file FBAR separately?

The FBAR can be filed separately if: Only one spouse owns qualifying foreign financial accounts, brokerage accounts, or retirement accounts. The other spouse has no authority over those accounts.

Do you have to file FBAR and 8938?

Heres the catch: FBAR and Form 8938 dont cancel each other out. If youre a U.S. taxpayer with foreign financial accounts, theres a good chance youll need to file both. For example, you may need both if you have: A foreign bank account that held over $10,000 at any time during the year.

What happens if you dont file form 8938?

Failure to report foreign financial assets on Form 8938 may result in a penalty of $10,000 (and a penalty up to $50,000 for continued failure after IRS notification).

Security and compliance

At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.

Learn more

Related forms

be ready to get more