Search results
Results From The WOW.Com Content Network
Form 8938 is a statement of specified foreign financial assets that you may need to attach to your tax return. Find the latest instructions, the PDF form, and the information on how to report your foreign accounts and assets on IRS.gov.
Learn how to report your specified foreign financial assets on Form 8938 if they exceed the reporting threshold. Find the current revision, PDF instructions, currency converter tool and other useful links on the IRS website.
Download and print the official form for reporting specified foreign financial assets on your tax return. The form includes instructions, summaries, and detailed information for each account or asset.
The key difference between Form 8938 and FBAR is that Form 8938 is filed with your annual tax return and has higher reporting thresholds, whereas FBAR is filed separately with FinCEN and applies to foreign financial accounts totaling over $10,000. Form 8938 also includes a wider range of reportable assets.
Form 8938, officially known as the “Statement of Specified Foreign Financial Assets,” is the document individuals and certain entities use to report their foreign financial interests to the IRS. It is filed with their annual federal income tax return if they meet certain criteria .
No. There are several key differences between Foreign Bank Account Reporting (FBAR) and reporting foreign asset ownership to the IRS. The most crucial difference is that Form 8938 is reported with your tax return similar to any other tax form concerning investment income or foreign-sourced income, like Schedule D and Form 2555, respectively ...
Learn how to access and report specified foreign financial assets on Form 8938 in ProSeries Professional and ProSeries Basic. Find out the purpose, thresholds, and tax help for Form 8938.