Form 8938, the Statement of Specified Foreign Financial Assets, is required under the Foreign Account Tax Compliance Act (FATCA) for certain U.S. taxpayers who hold specified foreign financial assets above reporting thresholds. Form 8938 is filed with your federal income tax return and is separate from FBAR—many taxpayers must file both, depending on asset types and values. Non-compliance can trigger substantial penalties, extended statutes of limitations, and increased audit risk. Our Form 8938 Filing Service ensures accurate identification, valuation, and disclosure of foreign assets in line with requirements of the Internal Revenue Service, so you remain fully compliant without over- or under-reporting.
We determine whether you meet Form 8938 thresholds based on filing status and residency, and identify reportable assets.
We prepare Form 8938 accurately and integrate it with your Form 1040 or 1040-NR filing.
You receive confirmation and guidance on future reporting, updates, and coordination with other disclosures.
Who must file Form 8938?
Certain U.S. taxpayers whose foreign financial assets exceed FATCA thresholds, which vary by filing status and residency.
Is Form 8938 the same as FBAR?
No. They are separate filings with different thresholds and asset definitions; some taxpayers must file both.
What assets are reportable on Form 8938?
Foreign bank and brokerage accounts, foreign stocks and securities, interests in foreign entities, and certain foreign financial instruments.
What are the penalties for not filing Form 8938?
Penalties can start at $10,000 and increase for continued non-compliance.
Can you help with late or missed Form 8938 filings?
Yes. We assist with back-year filings and compliance correction strategies.
If you’re not sure which plan fits your situation, start with the structured intake below. We’ll review your details and guide you to the cleanest compliance path.