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Glossary

Form 8938 (FATCA)

IRS report of specified foreign financial assets filed with your 1040 — threshold-driven, separate from FBAR.

Statement of Specified Foreign Financial Assets, required under FATCA. Thresholds depend on filing status and residence: e.g. a single filer abroad reports when assets exceed $200,000 on the last day of the year or $300,000 at any time during the year. Married-filing-jointly abroad doubles those thresholds. Form 8938 attaches to the 1040 and overlaps with — but does not replace — FBAR.

Related

This glossary entry is general reference, not advice for your specific return. Start your filing on the residency step.