Get Form 8938 (december 2014) - Internal Revenue Service - Irs

This guide is designed to help users navigate the process of filling out Form 8938, a requirement for reporting specified foreign financial assets. By following this comprehensive step-by-step overview, users will be equipped to accurately complete the form online.

Follow the steps to effectively complete your Form 8938 online.

1. Click ‘Get Form’ button to access the form and open it for editing.
2. Complete the year for the tax reporting period in the specified fields at the top of the form.
3. Provide your taxpayer identification number (TIN) where indicated on the form.
4. In Part I, summarize information regarding your foreign deposit and custodial accounts, detailing how many accounts you are reporting and the maximum values these accounts held during the tax year.
5. Indicate whether any foreign deposit or custodial accounts were closed in the tax year by checking the appropriate box.
6. In Part II, report other foreign financial assets, specifying each asset category and including any applicable financial information.
7. Complete Part III by summarizing tax items that are attributed to your specified foreign financial assets.
8. In Part IV, provide a summary of other foreign assets, noting their numbers and maximum values attained during the tax year.
9. If you have additional accounts or assets to report beyond what is indicated on the form, attach the relevant continuation statements.
10. After verifying that all entries are accurate, save your changes, download the completed form, and prepare to submit it as needed.

Start filling out your Form 8938 online today to ensure accurate reporting of your foreign financial assets.