Instructions for Form 8938›! the IRS unless it is attached
Who Must File
1121 Inst 8938 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
Unless an exception applies, you must file Form 8938 if you are a specified person (see Specified Person, later) that has an interest in specified foreign financial assets and the value of those assets is more than the applicable reporting threshold.
If you are required to file Form 8938, you must report the specified foreign financial assets in which you have an interest even if none of the assets affects your tax liability for the year. See Specified Individual , Specified Domestic Entity , and Types of Reporting Thresholds , later.
Exception if no income tax
TIP return required. If you do
not have to file an income tax return for the tax year, you do not have to file Form 8938, even if the value of your specified foreign financial assets is more than the appropriate reporting threshold.
Specified Person
A specified person is either a specified individual or a specified domestic entity, defined later.
Section references are to the Internal Revenue Code unless otherwise noted.
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