GLOSSARY · VISA-HOLDER FINANCE
Form 8938 (FATCA)
A form attached to the tax return listing specified foreign financial assets once their value passes a threshold that depends on filing status and whether you live in the US or abroad. It is separate from the FBAR; meeting one does not replace the other.
Also called: fatca, statement of specified foreign financial assets
COMPUTE IT WITH YOUR NUMBERS
LEARN IT PROPERLY
CHAPTER · ARRIVING AND WORKING ON A VISA · FOUNDATIONSFiling Your Return: Form 1040 or 1040-NR, and State TaxesCHAPTER · WEALTH PROTECTION FUNDAMENTALS · FOUNDATIONSLLCs, Family Partnerships and Protection TrustsRELATED TERMS
SOURCES
- Comparison of Form 8938 and FBAR requirements. Internal Revenue Service.