Rhode Island FATCA Filing Services

Form 8938 is filed with your federal income tax return, not separately with FinCEN. Reportable assets can include foreign financial accounts and certain foreign stocks, securities, entity interests or financial contracts held outside an account, subject to the IRS rules and exceptions.

An individual who is not required to file an income tax return generally does not have to file Form 8938. Assets reported on certain other forms may qualify for reporting coordination rules, but those forms do not automatically eliminate all Form 8938 obligations.

• Review of specified foreign financial assets
• Threshold review based on filing status and residence
• Form 8938 preparation with your federal tax return
• Reporting of foreign accounts, securities and certain interests
• Review of missed or prior-year Form 8938 filings
• Coordination with FBAR and PFIC reporting

The tables below show individual thresholds. The higher amounts for taxpayers living abroad require the IRS foreign-residence criteria, not simply a foreign mailing address. We review your tax home and the applicable bona fide residence or physical presence requirements.

Certain specified domestic entities also have Form 8938 requirements. The individual filing-status tables should not be used as an entity eligibility test; entity status and reporting thresholds need a separate review. A visa category alone does not establish U.S. tax residency.

Form 8938 and the FBAR use different asset definitions and thresholds, so both may apply to the same accounts. Foreign mutual funds and other PFIC holdings may also need Form 8621.

Missing Form 8938 can result in penalties and other tax consequences. We review prior-year omissions and available correction procedures based on your facts, without guaranteeing penalty relief.