The Statement of Specified Foreign Financial Assets, attached to the tax return when foreign assets exceed thresholds that depend on filing status and residence. Overlaps with, but does not replace, the FBAR.
Form 8938 goes with the tax return and covers foreign financial assets broadly: accounts, foreign stock held directly, foreign partnership interests, and some foreign pensions. Its thresholds are higher than the FBAR and depend on filing status and whether you live abroad. Filing one does not satisfy the other.
$10,000, plus up to $50,000 for continued failure after IRS notice, and the statute of limitations on the whole return stays open until it is filed.
Last reviewed September 10, 2026. Tax rules change; confirm current law before acting.
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