# Form 8938

URL: https://pdf.net/pdf-forms/tax-forms/form-8938
Category: Tax Forms
Attributes: Monthly top‑searched, Trusted by accountants, Official IRS form, Filed annually

Form 8938 is the IRS form U.S. taxpayers use to report specified foreign financial assets under the Foreign Account Tax Compliance Act (FATCA). With our fillable Form 8938, you can enter your account details, review each entry, and download a completed copy way faster than when looking for the document on the IRS website yourself.

## Versions

- 2021 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/ad5a8c996371d1b5927c3d162ff6a634f15514d0.pdf)

## How to Fill Out Form 8938

1. Open the editable Form 8938 in pdf.net
2. Enter your name, TIN, and filing status
3. List each specified foreign financial asset
4. Review all your entries for accuracy and fix potential mistakes
5. Save the completed Form 8938 to a device of your choice

## Facts

### What Is Form 8938 Used For?

IRS Form 8938 is used to report specified foreign financial assets to the IRS under FATCA. It covers foreign bank accounts, stocks and securities held directly, interests in foreign entities, and foreign life insurance contracts with cash value, as detailed in the Form 8938 instructions.

### Who Should Use Form 8938?

Form 8938 must be filed by certain U.S. citizens, resident aliens, nonresident aliens, and specified domestic entities whose specified foreign financial assets exceed the applicable IRS reporting threshold.

For taxpayers living in the United States, unmarried individuals and married individuals filing separately generally file when their assets exceed $50,000 at year-end or $75,000 at any time during the year. The thresholds are $100,000 and $150,000 for married couples filing jointly, while qualifying taxpayers living abroad are subject to higher limits.

### When Is Form 8938 Due?

The Form 8938 due date matches your federal income tax return deadline, generally April 15, with an automatic extension to October 15 if you file Form 4868. Taxpayers living abroad get an automatic extension to June 15.

### What Happens If Form 8938 Is Not Submitted?

If Form 8938 is not submitted, there’s an initial $10,000 penalty. If the form remains unfiled for more than 90 days after the IRS sends a notice, an additional $10,000 may apply for each 30-day period of continued noncompliance, up to an additional $50,000.

A separate 40% Form 8938 penalty may also apply to any understatement of tax attributable to an undisclosed foreign financial asset.

### How and Where Do I File Form 8938?

You file Form 8938 with your annual federal tax return, such as Form 1040, rather than submitting it separately. If you file electronically, you should include Form 8938 as part of your electronic return. If you file a paper return, attach the completed form and mail the entire return to the address listed in the instructions for your applicable tax return.