8938 instructions-2026

See details

4.4 out of 5

127 votes

The document provides detailed instructions for Form 8938, which is used by specified individuals and domestic entities to report specified foreign financial assets to the IRS. It outlines the purpose of the form, who must file it, reporting thresholds based on marital status and residency, and specific types of foreign financial assets that need to be reported. The document also includes information on penalties for non-compliance, exceptions to reporting requirements, and guidelines for valuing foreign assets. Additionally, it emphasizes the importance of filing Form 8938 alongside other relevant tax forms.

Here's how it works

01. Edit your what is form 8938 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 8938 instructions via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out 8938 instructions 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 8938 instructions in the editor.
Begin by reviewing the general instructions. Understand that you must report specified foreign financial assets if their total value exceeds the applicable reporting threshold.
Fill in your identifying information, including your name and taxpayer identification number (TIN), as shown on your annual return.
In Part I, summarize your foreign deposit and custodial accounts. Report the number of accounts and their total maximum values.
Proceed to Part II for other foreign assets. Provide details about each asset, including descriptions and maximum values during the tax year.
If applicable, complete Part IV to identify any specified foreign financial assets reported on other forms to avoid duplicative reporting.

Start using our platform today for free to streamline your Form 8938 completion!

See more 8938 instructions versions

We've got more versions of the 8938 instructions form. Select the right 8938 instructions 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.

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).

Do I need to file both FBAR and 8938?

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.

Do I need to file FBAR if less than $10,000?

A person required to file an FBAR must report all of his or her foreign financial accounts, including any accounts with balances under $10,000.

What is the threshold for fatca 8938?

Reporting thresholds If you are single or file separately from your spouse, you must submit a Form 8938 if you have more than $200,000 of specified foreign financial assets at the end of the year and you live abroad; or more than $50,000, if you live in the United States.

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.

form 8938 instructions

Form 8938 8938 threshold Form 8938 instructions pdf 8938 instructions 2022 Form 8938 PDF 8938 filing requirements 8938 vs FBAR How to file Form 8938

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

What needs to be reported on 8938?

Form 8938 requires that the filer report information about foreign accounts and assets, including: The account number. The name and address of the financial institution that maintains the account. The highest value in the account during the year. The joint account owners name, if applicable.