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Print 8938 Form: What You Should Know
The form can be downloaded, but the PDF application form for the form must be filled. However, you need to follow the instructions carefully because they include special formatting that can be different from the instructions in the actual PDF form. We have uploaded the Form 8938 PDF application form to our siteĀ and instructions from the Form 8938 PDF form from the IRS. The application form can be downloaded here : Form 8938-PDF Here is our previous Form 8938-F As you can see the instructions show the special formatting of each field to show it is an online format, which is not necessarily the case. Also, the instruction at line 5 explains that you need to enter the name of Form 8855 (Line 1) on Line 2. The IRS provides more information about Form 8938, Statement of Specified Foreign Financial Assets in section 15 of the Publication 1520.Ā The section 15 provides the following information that will help you complete Form 8938.Ā A. Specified foreign financial assets are foreign assets that consist of cash deposits, securities, or similar items that are transferred to the United States through āfinancial institutionsā (such as banks, saving and loan associations and trust companies). B. Specified foreign financial assets include those foreign accounts held by U.S. banks, savings and loan associations, trust companies, and certain other institutions operating in the United States in which U.S. residents hold or obtain interests. C. Foreign financial assets are classified as either foreign income or foreign resources. D. A person who does not have U.S. resident status can designate the value of an account held in a financial institution in which U.S. residents hold or obtain a holding with a value of no more than 10,000 U.S. dollars (10,000) in a taxable year and 20,000 in a later taxable year. However, no such exemption applies if a person has a controlling or beneficial interest, or any power of appointment, in the financial institution, or if the person has beneficial control (as defined below), of the entity that holds the account. E. In order for an account to be included in the foreign financial assets' exception for persons who do not have U.S. resident status: 1. The account must not be held primarily with U.S. residents other than U.S. resident officers or employees; 2.
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