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Check if you need to file IRS Form 8938 for your specified foreign financial assets
Your thresholds: Year-end ≥ $50,000 OR any time during the year ≥ $75,000. Either one triggers Form 8938.
| Filing Category | Year-End | Any Time |
|---|---|---|
| Single / MFS / HOH, US (you) | $50,000 | $75,000 |
| Married Filing Jointly, US | $100,000 | $150,000 |
| Single / MFS / HOH, Abroad | $200,000 | $300,000 |
| Married Filing Jointly, Abroad | $400,000 | $600,000 |
List all specified foreign financial assets — this is broader than FBAR and includes:
Not included: Assets in US-based accounts (even if the underlying investment is foreign), social security-type programs of foreign governments, and interests in foreign trusts or estates reported on other forms (3520, 3520-A).
Convert foreign currency values to USD using the year-end exchange rate (or applicable rate for max value).
Thresholds: year-end $50,000 / any time $75,000
Full FATCA/FBAR compliance and filing by our cross-border tax specialists.
