양식 8938 스톡 옵션

제 3 부 : 미국의 조세 : 외국인 고용주의 스톡 옵션 & # 8211; 선거, 함정 및보고.

이 블로그 게시물의 1 부는 소위 83 (b) 항의 선거를 만들 때 얻을 수있는 이점을 포함하여 외국 법인 고용주로부터받은 스톡 옵션에 대한 세금 처리 방법을 조사했습니다. 이 블로그 게시물의 2 부에서는 선거 방법, 선거를 할 때 국세청에 제출할 정보 및 정보를 언제, 어디서, 어디에서 제공하는지 설명했습니다. 금주의 외신은 외국 고용주로부터 옵션을받는 것과 관련된 위험한 세금 감면과 그러한 옵션과 관련하여 충족시켜야하는 FATCA보고 규칙을 다루고 있습니다.

가능한 세금 트랩 : 섹션 409A가 스톡 옵션 부여에 적용될 수 있습니까?

미국 국세법 제 409A 항은 근로자가 1 년 동안 벌 수있는 보상에 적용되지만, 이는 미래의 연도에 지급되며 비 정규화 된이 상 보상이라고합니다. 이는 401 (k) 플랜 또는 403 (b) 또는 457 (b) 플랜과 같은 적격 플랜에 대한 선택 연기의 형태로이 상 보상과 다릅니다. 예를 들어 고용주의 주식 매입 선택권이 1 년차에 스톡 옵션을 부여했지만 그 이후의 과세 연도에 해당 옵션을 행사할 권리를 부여한 경우 옵션은 제 409A 항의 적용을받을 수 있습니다.

옵션이 부여 된 날의 주식의 공정한 시장 가치보다 낮은 행사 가격 (일반적으로 '할인 된 주식 옵션'이라고 함)으로 부여 된 옵션은 비준 무적이 상 보상의 한 형태. 할인 주식 옵션이 "가득 채워지는 경우"섹션 409A는 할인 주식 옵션이 코드 섹션 409A의 공식 요구 사항을 충족하지 않는 한 옵션 소유자에 대한 처벌을 부과합니다. 약정이 제 409A 항의 요건을 준수하지 못하는 경우, 종업원이 이연한 모든 금액은 이연되어있는 연도의 소득에 포함되거나 또는 나중에 가득되는 시점에 수익으로 포함됩니다. 옵션은 행사되지 않습니다. 또한, 부가 소득은 제 409A 항에 의거하여 추가로 20 %의 소득세가 부과됩니다. 또한, 이자는 최초 지급 시점부터 1 %를 초과하는 저급 지급율로, 또는 가득액이 소득에 포함되는 시점까지 (나중에 발생한 경우) 발생합니다.

사업체가 시작되거나 사업체가 매각 될 때 스톡 옵션이 자주 접하게됩니다. 신생 기업의 경우 옵션을 사용하여 '땀 투철 (Sweat Equity)'& nbsp; 또는 시장보다 낮은 급여. 옵션은 수령자가 회사의 미래에 지분을 제공하기 때문에 더 열심히 일하고 성장하는 비즈니스에 머물 수있는 인센티브를 제공 할 수도 있습니다. 사업을 매수할 때, 매수 계획에는 가득 조건의 가속화와 옵션의 현금화가 포함되는 것이 일반적입니다. 이 경우주의는 하루의 순서입니다. 섹션 409A는 옵션 보유자에게 징벌 적 세금을 부과 할 수 있습니다.

서식 8938에있는 스톡 옵션의 FATCA보고.

납세자가 옵션을 행사할 계획이없는 경우에도 외국 주식과 관련하여 부여 된 옵션은 Form 8938에서 "특정 외화 금융 자산"으로보고된다는 사실을 잊기 쉽습니다. 이는 아래에 인용 된 관련 부분 1.6038D-3 절에 포함 된 최종 재무부 규칙에서 명확 해졌습니다. 여기에있는 내 세금 블로그에서 특정 외상 금융 자산 및 양식 8938에 대한 자세한 내용을 읽을 수 있습니다.

& (82) 예제. 기타 지정된 해외 금융 자산으로 간주 될 수있는 금융 계정 이외의 자산의 예로는 다음을들 수 있지만 이에 국한되지는 않습니다.

(1) 외국 법인이 발행 한 주식;

(2) 외국 파트너쉽에 대한 자본 또는 이익 이익.

(3) 외국 인이 발행 한 채권, 채권, 채무 또는 기타 형태의 채무

(4) 외국 신탁에 대한 관심;

(5) 이자율 스왑, 통화 스왑, 베이시스 스왑, 금리 상한선, 이자율 바닥, 상품 스왑, 주식 스왑, 주식 인덱스 스왑, 신용 디폴트 스왑 또는 외국 거래 상대방과의 유사한 합의. 과,

(6)이 단락의 예 또는 외국의 거래 상대방 또는 발행 기관과 체결 한 통화 나 상품에 대해 열거 된 항목과 관련된 옵션 또는 기타 파생 상품. & # 8221;

FinCEN Form 114 (FBAR이라고도 함)에는 그러한 스톡 옵션의 수령이보고되지 않을 것이라는 점에 유의해야합니다. 옵션이 외국 계좌로 보유되지 않는다고 가정 할 때. FBAR에 대한 자세한 내용은 여기를 참조하십시오.

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아메리칸 익스프레스 (American Expats), 미국 시장에 외국인 투자자 또는 미국과 연결된 외국 인에 대한 미국 세금 문제에 대한 최신 정보.

양식 8938에 외상 금융 자산보고.

2010 년 3 월 18 일 이후에 시작하는 조세 연도부터 미국 납세자는 미 국외에서 보유한 금융 자산에 대해 국세청에보고해야합니다. 이보고 요건은 고용 계정 복원법 (HIRE)에 대한 고용 인센티브의 일부인 외국인 계정 세금 준수 법 (FATCA)의 일부입니다. FATCA는 글로벌 금융 기관이 미국 시민의 국제 재정과 관련하여 국제 금융기구에 보고서를 제출하도록 장려하기위한 새로운 원천 징수 제도와 미국 납세자가 외부에 보유한 IRS 금융 자산에 대해 자체보고하는 새로운보고 메커니즘 미국.

이 기사에서는 FATCA 하에서의 미국 납세자들의 자체보고 요구 사항에 대해 논의합니다.

무엇이 외국 금융 자산으로 간주됩니다.

외국 금융 자산 또는 특정 외화 금융 자산 국세청은이를 다음과 같이 구성합니다.

은행 계좌, 투자 계좌 및 뮤추얼 펀드와 같이 미국 이외의 금융 기관에서 유지되는 재무 계좌. 미국 이외의 사람이 발행하고 투자 계정을 통해 보유하지 않은 주식, 채권 또는 기타 유가 증권 외국 법인, 외국 파트너십 또는 외국 신탁과 같은 외국 법인에 대한이자 미국인이 아닌 발행자 또는 거래 상대방이있는 금융 상품 또는 계약.

미국 기반 투자 계정을 통해 보유한 외국인 투자는 Form 8938에보고되지 않습니다.

8938 양식을 제출해야하는 사람.

기술적으로 모든 미국 납세자는 FATCA의 영향을받습니다. 그러나 현재 국세청은 개별 납세자들에게 외국 금융 자산을 신고하도록 요구하고 있습니다.

양식 8938에 대한 국세청의 지침은 & # 34; 특정 개인 & # 34; 보고가 필요한 시점을 묘사하십시오. 다음 & # 34; 특정 개인 & # 34; 거주 시민권 자, 거주 외국인, 거주 외국인 인 것처럼 취급되는 비거주 외국인 및 아메리칸 사모아 또는 푸에르토 리코에 거주하는 비거주 외국인을 8938 양식으로 제출해야 할 수 있습니다.

(자세한 내용은 IRS. gov 웹 사이트에서 양식 8938, & # 34; 지정된 외환 금융 성명서를 작성해야합니까?)를 참조하십시오.

양식 8938에 대한보고 임계 값.

납세자는 외국 금융 자산의 시장 가치에 대한 두 가지 척도, 즉 해당 연도의 최대 자산 가치 및 과세 연도 말 자산 가치를 추적해야합니다. 납세자는 모든 최대 값과 모든 연말 가치의 합계를 취합니다. 그런 다음이 합계를 사용하여 자산 값이보고 임계 값을 초과하는지 확인합니다. 그렇다면 납세자는 모든 외국 금융 자산을 IRS에보고해야합니다. 한계점이 충족되지 않으면 납세자는 양식 8938을 제출할 필요가 없습니다.

IRS는 다음과 같이 여러 유형의 납세자에 대해 서로 다른 기준을 설정했습니다.

미국에 거주하는 미혼 개인은 외국 금융 자산의 시장 가치가 연말 연시 50,000 달러 이상이거나 연중 언제든지 75,000 달러 이상인 경우 Form 8938을 제출해야합니다. 결혼 한 개인이 합중국에 거주하고 미국에 거주하는 경우 외국 금융 자산의 시장 가치가 연말 연시 100,000 달러 이상이거나 연중 언제든지 150,000 달러 이상인 경우 Form 8938을 제출해야합니다.

별도로 신고하고 미국에 거주하는 기혼자는 외국 금융 자산의 시장 가치가 해당 연도의 마지막 날에 50,000 달러 이상이거나 해당 연도 중 언제든지 75,000 달러 이상인 경우 Form 8938을 제출해야합니다. 미국 이외의 지역에 거주하며 선량한 거주자 또는 신체 존재 테스트 중 하나를 충족하는 미혼 개인은 외국 금융 자산의 시장 가치가 연말에 200,000 달러보다 크거나 300,000 달러 이상인 경우 Form 8938을 제출해야합니다. 그 해. 선량한 거주자 또는 신체 존재 테스트 중 하나를 만족하는 미국 이외의 지역에 공동으로 기탁 된 결혼 한 개인은 외국 금융 자산의 시장 가치가 연말에 400,000 달러보다 크거나 어떤 경우에도 $ 600,000보다 큰 경우 Form 8938을 제출해야합니다 시간.

별도로 제출하고 미국 이외의 지역에 거주하며 선량한 거주자 또는 신체 존재 검사 중 하나를 만족하는 결혼 한 개인은 외국 금융 자산의 시장 가치가 연말에 200,000 달러 이상이거나 300,000 달러 이상인 경우 Form 8938을 제출해야합니다. 일년 중 언제라도.

외국 자산 가치 평가 방법.

외화 금융 자산은 자산이 표시된 화폐로 표시된 공정한 시장 가격을 사용하여 측정됩니다. 납세자는 해당 자산의 가장 높은 공정 시장 가치와 해당 연도의 마지막 날의 공정 시장 가치를 모두 알아야합니다. 이 시장 가치는 그 해 마지막 날의 환율을 사용하여 미국 달러로 변환됩니다. 납세자는 재무부 재무 관리 서비스가 게시 한 환율을 사용해야합니다. 해당 웹 페이지에 필요한 통화가 나열되어 있지 않으면 납세자는 공개적으로 사용 가능한 다른 환전 데이터베이스를 사용할 수 있습니다. 납세자는 재무 관리 서비스에 게시되지 않은 경우 외화, 사용 된 환율 및 환율 정보 출처를 지정해야합니다.

8938 양식을 제출해야하는 경우.

양식 8938은 양식 1040 세금 신고서와 함께 제출됩니다. 확장 기능을 제출하면 양식 8938을 제출할 시간도 연장됩니다.

양식 8938의 구조.

양식 8938은 IRS에보고해야하는 모든 정보를 표기합니다. 양식 8938은 네 부분으로 구성됩니다.

파트 I은 금융 기관에 대한 예금 계좌 나 수탁 계좌와 같은 금융 계좌입니다.

II 부는 주식, 채권 및 기타 금융 상품과 같은 다른 유형의 금융 자산을위한 것입니다.

Form 8938에는 Part I에 단 하나의 자산을위한 공간과 Part II에 하나의 자산이 있습니다. 납세자는 외국 금융 자산을 신고하는 데 필요한만큼 많은 양식 8938을 사용할 수 있습니다.

제 III 부는 외국 금융 자산의 소득이 세금 신고서의 다른 곳에보고되는 것을 보여주는 요약입니다.

제 4 부는 양식 8938에 대한보고에서 제외 된 특정 유형의 금융 자산에 대한 요약으로서, 그 정보가 세금 신고서의 다른 곳에서보고되기 때문입니다.

양식 8938이 외국 은행 계좌 보고서와 어떤 관련이 있습니까?

Form 8938은 이전 버전의 Foreign Bank Account Report (FBAR)와 매우 유사합니다. 그러나 Form 8938은 FBAR보다 더 세부적인 것을 요구하고 다른 용도로 사용됩니다. Form 8938의 목적은 내부 수익 법률 (FATCA) 준수를 용이하게하기위한 것이며 세금 환급의 일부이며 기밀 세금 신고 정보로 간주됩니다. FBAR의 목적은 은행 기밀 법 준수이며, 세금 환급의 일부가 아니며 기밀 세금 신고 정보로 간주되지 않습니다. FBAR은 정부 기관간에 공유 할 수 있으며, 국제 자금 세탁을 추적하고 대처하기 위해 재무부의 금융 범죄 집행 네트워크 (Financial Crimes Enforcement Network)에서 주로 사용됩니다. 양식 8938은 국제 세금 탈출 방지를 위해 국세청에서 사용하도록 고안되었습니다.

또한 양식 8938은 자산을 보유하는 외국 계좌를 포함하는 외 국 자산에 대한 정보를 요청하고, FBAR은 외국 계좌에 대한 정보 만 요구합니다.

양식 8938을 제출할 의무가있는 납세자는 재무부와 별도로 제출되는 FBAR에 관한 정보를 실질적으로보고해야 할 의무가 있습니다. FBAR은 미국인 (법인 및 기타 단체 포함)이 해당 연도 중 언제든지 최소 ​​10,000 달러의 외국 계좌를 보유하고있을 경우 필요합니다. 그러나 FBAR에보고 된 금융 계좌 유형은 Form 8938에보고 된 계좌 유형과 약간 다릅니다.

8938 양식과 관련된 벌칙.

국세청은 세금 환급 기일 (연장 포함) 마감일까지 양식 8938을 제출하지 못하거나 불완전하거나 부정확 한 양식 8938을 제출하지 않아 미화 1 만 달러의 벌금을 부과 할 수 있습니다. 양식 8938이 공식 후 90 일 이내에 제출되지 않은 경우 IRS가 통지하면 IRS는 30 일 기간 (또는 30 일 기간의 일부)마다 양식 8938이 계속 제출되지 않고 최대 $ 50,000의 벌금까지 추가 10,000 달러의 벌금을 부과 할 수 있습니다.

양식 8938이 제출되지 않고 국세청이 신고해야하는 하나 이상의 외상 금융 자산을 납세자가 소유하고 있다고 판단하는 경우 국세청은 외국 금융 자산이보고 기준 액을 충족시킬만큼 충분한 가치가 있다고 추정 할 수 있습니다. 납세자가 Form 8938에 자산을보고하지 않는 합당한 이유를 제시 할 수있는 경우 처벌을 포기할 수 있습니다.

8938 양식의 기본 질문과 답변.

파일에 더 있음.

지정된 외상 금융 자산 - 개요.

구체적인 예 :

현금 또는 외화, 부동산, 귀금속, 미술품 및 수집품.

외국 주식 또는 유가 증권.

안전 금고.

외국 금융 기관 투자 계정.

미국 기반의 금융 계좌 (미국 뮤추얼 펀드, IRA, 401 (k) 플랜 등 포함)

외국 연금, 연금 보상 계획 또는 외국인의 사회 보장

신고, 신고 및 평가 요건.

지정된 외상 금융 자산 - 개요.

Q1. 양식 8938에 대해보고해야하는 특정 외상 금융 자산은 무엇입니까?

8938 양식을 제출해야하는 경우 외국 금융 기관이 보유한 재정 계좌를보고해야합니다. 재무 계정의 예는 다음과 같습니다.

은행이나 브로커 - 딜러가 보유한 저축, 예금, 확인 및 중개 계좌.

그리고 투자를 위해 보유하고 금융 계좌에 보유하지 않는 한도 내에서, 미국인이 아닌 사람, 외국 기업에 대한 기타이자 및 투자를 위해 보유한 금융 장비 또는 계약에 의해 발행 된 주식 또는 유가 증권 미국인이 아닌 발행인 또는 이에 상응하는 사람. 계좌에 보유되지 않은 경우보고해야하는 자산의 예는 다음과 같습니다.

외국 법인이 발행 한 주식 또는 유가 증권; 외국 사람이 발행 한 어음, 채권 또는 회사채; 이자율 스왑, 통화 스왑, 기초 스왑, 금리 상한선, 이자율 바닥, 상품 스왑, 주식 스왑, 주식 지수 스왑, 신용 디폴트 스왑 또는 외국 측과의 유사한 합의; 이 예들 중 어느 하나와 관련하여 또는 외국의 상대국 또는 발행자와 함께 체결 된 통화 나 상품에 관한 옵션 또는 기타 파생 상품 외국 파트너십에 대한 파트너십 이익; 외국 은퇴 계획이나 이연 보상 계획에 대한 관심; 외국 부동산에 대한 관심; 외국에서 발행 한 보험 계약이나 연금과 관련하여이자를 현금으로 인출하는 가치.

위에 나열된 예는보고해야 할 자산의 독점 목록을 포함하지 않습니다.

구체적인 예 :

현금 또는 외화, 부동산, 귀금속, 미술품 및 수집품.

Q1. 직접 외화를 보유합니다 (즉, 통화가 금융 계좌에 있지 않음). 양식 8938에이를보고해야합니까?

외화는 지정된 외상 금융 자산이 아니므로 양식 8938에보고 할 수 없습니다.

Q2. 외국 부동산은 양식 8938에보고해야합니까?

외국 부동산은 양식 8938에 신고해야하는 특정 외상 금융 자산이 아닙니다. 예를 들어, 개인 거주지 또는 임대 주택은 신고 할 필요가 없습니다.

부동산이 법인, 파트너십, 신탁 또는 부동산과 같은 외국 법인을 통해 보유되고있는 경우, 해당 국가의 지분은 지정된 모든 외국 금융 기관의 총 가치가 금융 자산이 귀하에게 적용되는보고 기준 액보다 큽니다. 기업이 보유하고있는 부동산 가치는 양식 8938에보고 될 기업의 지분 가치를 결정할 때 고려되지만 부동산 자체는 양식 8938에 별도로보고되지 않습니다.

Q3. 나는 외국에서 예술, 골동품, 보석, 자동차 및 기타 수집품과 같은 투자를위한 유형 자산을 직접 보유합니다. 이 자산을 양식 8938에 신고해야합니까?

예술, 골동품, 보석, 자동차 및 기타 수집품과 같은 직접 보유 된 유형 자산은 명시되지 않은 외국 금융 자산입니다.

Q4. 나는 금과 같은 투자를위한 귀금속을 외국에 직접 보유하고있다. 이 자산을 양식 8938에 신고해야합니까?

골드와 같은 직접 보유 된 귀금속은 특정 외국 금융 자산이 아닙니다. 단, 외국인이 발행 한 금 증명서는 지정된 모든 외국 금융 자산의 총액이 귀하에게 적용되는보고 기준 액보다 클 경우 양식 8938에 신고해야하는 특정 외상 금융 자산 일 수 있습니다 .

Q5. 이 과세 연도에 저는 외국인 투자를 위해 보유한 귀금속을 판매했습니다. 8938 양식의 판매 계약서를 신고해야합니까?

외국인 투자자와 투자 계약을 체결하는 계약은 지정된 모든 외국 금융 자산의 총 가치가 귀하에게 적용되는보고 기준 액보다 큰 경우 양식 8938에 신고해야하는 특정 외상 금융 자산 투자 자산입니다 .

외국 주식 또는 유가 증권.

Q1. 나는 채권과 같은 해외 주식이나 유가 증권을 인수하거나 상속 받았다. Form 8938에서이를보고해야합니까?

외국 주식 또는 유가 증권 (금융 계좌를 보유하지 않은 경우)은 지정된 해외 금융 자산의 가치가 귀하에게 적용되는보고 기준 액보다 큰 경우 양식 8938에보고해야합니다. 금융 계좌에 외국 주식 또는 증권을 보유하는 경우 주식 또는 증권을 Form 8938에보고하지 않습니다. 재무 계좌 보유에 대한 자세한 내용은 FAQ 8 및 9를 참조하십시오.

Q2. 나는 외국 주식과 증권을 소유하고있는 미국 뮤추얼 펀드의 주식을 직접 보유하고 있습니다. 8938에 미국 뮤추얼 펀드의 주식 또는 뮤추얼 펀드가 보유한 주식 및 유가 증권을보고해야합니까?

미국 뮤추얼 펀드의 주식을 직접 보유하고있는 경우 뮤추얼 펀드 또는 뮤추얼 펀드의 보유를보고 할 필요가 없습니다.

안전 금고.

Q1. 외국 금융 기관에 예금 상자가 있습니다. 대여 금고 자체가 금융 계좌로 간주됩니까?

아니요, 안전 금고는 금융 계좌가 아닙니다.

외국 금융 기관 투자 계정.

Q1. 투자 자산을 보유한 외국 금융 기관이 보유한 금융 계좌가 있습니다. 계정의 투자 자산 전부 또는 일부가 미국인이 발행 한 주식, 증권 또는 뮤추얼 펀드 인 경우 금융 계좌를 신고해야합니까?

외국 금융 기관이 보유한 금융 계좌가 있고 지정된 외국 금융 자산의 가치가 귀하에게 적용되는보고 기준 액보다 큰 경우, 양식 8938에 해당 계정을보고해야합니다. 외국 계좌는 지정된 외상 재무 자산의 내용 전부 또는 일부가 미국인이 발행 한 투자 자산을 포함하는 경우에도 마찬가지입니다. 미국인 또는 미국 이외의 사람이 자산을 발행했는지 여부와 관계없이 양식 8938에 금융 계좌의 자산을 별도로보고 할 필요는 없습니다.

미국 기반의 금융 계좌 (미국 뮤추얼 펀드, IRA, 401 (k) 플랜 등 포함)

Q1. 저는 외국 금융 기관의 미국 지사에 재정 계좌를 가지고 있습니다. 이 계정을 양식 8938에보고해야합니까?

외국 금융 기관의 미국 지사에서 보관소, 수탁 또는 퇴직 계좌와 같은 금융 계좌는 외국 금융 기관이 보유하고있는 금융 계좌가 지정된 외상 금융 자산이라는 일반적인 규칙을 제외하고는 예외입니다. 미국 지사 나 미국 금융 기관의 미국 계열사가 보유한 금융 계좌는 Form 8938에보고 할 필요가 없으며 해당 계정의 특정 외상 금융 자산도보고 할 필요가 없습니다.

Q2. 외국 주식 및 유가 증권을 보유하고있는 미국 금융 기관 (미국 뮤추얼 펀드, IRA 및 401 (K) 플랜 포함)이 보유한 금융 계좌가 있습니다. 금융 계좌 또는 소장 항목을 신고해야합니까?

미국 금융 기관이나 소장이 보유한 금융 계좌를 신고 할 필요가 없습니다. 미국 금융 기관에서 관리하는 금융 계좌의 예는 다음과 같습니다.

미국 뮤추얼 펀드 계정 IRA (전통 또는 로스) 401 (k) 퇴직 연금 미국의 퇴직 연금 계획 미국 금융 기관에서 관리하는 중개 계좌.

Q3. 나는 미국계 금융 기관의 해외 지사를 통해 외국 주식과 증권을 소유하고있다. Form 8938에서이를보고해야합니까?

예탁원, 보관 또는 퇴직 계좌와 같은 금융 계좌가 미국 지사의 외국 지사 또는 외국 지사를 통해 개최되는 경우, 해당 외국 계좌는 특정 외화 금융 자산이 아니며보고 대상이 될 필요가 없습니다 양식 8938.

외국 연금, 연금 보상 계획 또는 외국인의 사회 보장

Q1. 나는 외국 연금 또는 이연 보상 계획에 관심이있다. 양식 8938에 신고해야합니까?

외국 연금 또는 이연 보상 플랜에 관심이있는 경우, 지정된 외국 금융 자산의 가치가 귀하에게 적용되는보고 기준 액보다 큰 경우이 금액을 Form 8938에보고해야합니다.

Q2. 저는 미국의 납세자이며 외국 사회 보장에 대한 권리를 얻었습니다. 양식 8938에이를보고해야합니까?

사회 보장, 사회 보험 급여 또는 외국 정부의 다른 유사한 프로그램과 동등한 대가를받는 지급 또는 권리는 명시되지 않은 외국 금융 자산이며보고 할 수 없습니다.

Q3. 나는 외국 재산의 수혜자 다. Form 8938에 외국인 지대에 대한 나의 관심사를보고해야합니까?

일반적으로 외국 부동산에 대한이자는 특정 외국 금융 자산의 총 가치가 귀하에게 적용되는보고 기준 액보다 큰 경우 Form 8938에보고 할 수있는 특정 외환 금융 자산입니다.

신고, 신고 및 평가 요건.

Q1. 나는 미국의 납세자이지만 소득세 신고서를 제출할 의무는 없습니다. 8938 양식을 제출해야합니까?

소득세 신고서를 제출하지 않아도되는 납세자는 양식 8938을 제출할 필요가 없습니다.

Q2. 8938 양식을 제출해야하는 경우, 과세 연도 중 자산이 최대 가치를 보유하고 있는지 여부와 상관없이 지정된 모든 금융 자산을 신고해야합니까?

해당보고 기준 액을 충족시키는 경우, 과세 연도 중 최대 가치가 극히 낮은 특정 외상 금융 자산을 포함하여 지정된 모든 외환 금융 자산을보고해야합니다. 보고에 대한 예외 사항은 양식 8938의 지침 6 페이지의 예외 사항을 참조하십시오.

Q3. 나는 소득세 신고서를 제출했지만, 이제는 Form 8938을 신고서에 제출해야한다고 생각합니다. 어떻게해야합니까?

소득 신고서를 제출할 때 양식 8938을 생략 한 경우 양식 8940이 첨부 된 양식 1040X, 수정 된 미국 개인 소득 세금 신고서를 제출해야합니다.

Q4. Form 8938과 FinCEN Form 114, 외환 은행 및 재무 회계 보고서 (FBAR)를 제출해야합니까?

Form 8938을 제출한다고해서 달리 요구되는 경우 FBAR을 제출해야한다는 별도의 요구 사항을 면제 해주지 않으며 반대의 경우도 마찬가지입니다. 귀하의 상황에 따라, 양식 8938 또는 FBAR 또는 두 가지 양식을 제출해야 할 수도 있으며 특정 외국 계정은 두 가지 양식 모두에 대해보고해야 할 수도 있습니다.

Q5. Form 8938에 관해보고 할 수있는 수많은 특정 외국 금융 자산이 있습니다. Form 8938에 대한 연속 보고서가 있습니까?

Form 8938의 Part I 또는 Part II에보고 할 계정 또는 자산이 둘 이상이거나 Form 8938의 Part II에보고 할 발행인 또는 거래 상대방이 두 개 이상인 경우 필요한만큼 빈 I 및 / 또는 II를 복사하십시오 완료하고 양식 8938에 첨부하십시오. 양식 8938의 맨 위에있는 "추가 시트를 첨부 한 경우 여기에 체크하십시오"상자를 선택하십시오.

Q6. 특정 외화 자산의 공정한 시장 가치를 결정하기 위해 인증 감정인이나 보험 계리원을 고용해야합니까? 예를 들어, 내가 외화 확정 급여 제도를 갖고 있다면 보험 계리관의 서비스를 받아야합니까?

세금 계산서에 세금 중 최대 금액의 합리적인 추정치가 반영되지 않는 한, 정기적 인 계정 명세서를 기준으로 최대 값을보고 할 목적으로 외국 금융 계정의 공정 시장 가격을 결정할 수 있습니다 년. 금융 계좌에 보유되지 않은 특정 외상 금융 자산의 경우 신뢰할 수있는 금융 정보 소스 또는 기타 검증 가능한 출처에서 공개적으로 제공되는 정보를 기반으로 최대 가치를보고 할 목적으로 자산의 공정한 시장 가치를 결정할 수 있습니다. 신뢰할 수있는 금융 정보 출처 또는 기타 검증 가능한 출처의 정보가 없더라도 과세 연도 중 자산의 최대 가치를 합리적으로 예측하기 위해 제 3자가 감정 평가를받을 필요는 없습니다.

Q7. Form 8938에보고 할 목적으로 외국 연금 또는 이연 보상 플랜에 대한이자를 어떻게 평가합니까?

일반적으로 외국인 연금 계획 또는 이연 보상 계획에 대한 귀하의 이해의 가치는 연말의 계획에 대한 귀하의 수혜이자에 대한 공정한 시장 가치입니다. 그러나 연말 또는 연말 연시에 귀하의 수혜 대상이자의 공정 시장 가치를 쉽게 알 수있는 정보를 바탕으로 알지 못하거나 이유를 알 수없는 경우 최대 가치는 현금 및 / 또는 일년 중 귀하에게 배분 된 다른 부동산. 이 동일한 값은보고 임계 값을 충족시키는 지 여부를 결정하는 데 사용됩니다.

쉽게 접근 할 수있는 정보에 기초하여 알기 힘들거나 알기 쉬운 이유가있는 경우 연말 연시 플랜의 연금 플랜 또는 이연 보상 플랜에 대한 귀하의 수익금의 공정한 시장 가치와 플랜의 배당금을받지 못했다면 계획에 대한 귀하의 관심 가치는 0입니다. 이 경우 계획에 대해보고 임계 값을 충족하는지 여부를 판별하기 위해 0 값을 사용해야합니다. 보고 기준 액을 충족시키고 양식 8938을 제출해야하는 경우 계획을보고하고 최대 금액이 0임을 표시해야합니다.

양식 8938 (2016) 지침

특정 외상 금융 자산 명세서

별도로 언급하지 않는 한, 섹션 참조는 내국세 코드에 대한 것입니다.

일반 지침.

IRS는 irs. gov / form8938에서 양식 8938 및 지침에 대한 정보를 얻기 위해 IRS. gov에 페이지를 작성했습니다. 양식 8938에 영향을 미치는 향후 개발 내용 (예 : 발표 후 제정 된 법률)은 해당 페이지에 게시됩니다.

지정된 국내 실체보고.

2015 년 12 월 31 일 이후에 개시하는 조세 연도에 특정 외국 금융 자산 (특정 국내 법인)을 직접 또는 간접으로 보유 할 목적으로 창설되었거나 사용 된 것으로 간주되는 특정 국내 법인, 파트너십 및 신탁은 양식 8938을 제출해야합니다. 해당 자산의 총 가치는 과세 연도 마지막 날에 50,000 달러를 초과하거나 과세 연도 중 언제든지 75,000 달러를 초과합니다.

국내 법인으로 지정된 국내 기업, 파트너십 및 신탁 및 양식 8938을 제출해야하는 신탁 및보고해야하는 특정 외상 금융 자산의 유형에 대해서는 파일, 특정 국내 법인, 특정 외상 금융 자산, 이자 특정 외환 금융 자산 및 신고 의무가없는 자산에 대해

Form 8938의 1 페이지 맨 위의 식별 정보 섹션은 특정 국내 단체의 Form 8938 제출 요건을 반영하도록 개정되었습니다. 이러한 개정에는 다음이 포함됩니다.

양식 8938 파일러의 유형을 식별하는 확인란이있는 새 줄 3, 유형의 필러가 추가되었습니다.

파트너십, 법인 및 신탁 회사가 파트너십 또는 법인 또는 특정 개인 (즉, 특정 개인 또는 특정 국내 법인)을 밀접하게 보유하고있는 특정 개인의 이름과 TIN을 제공하기 위해 새로운 라인 4가 추가되었습니다. 현재의 수혜자. 나중에 명시된 개인 및 현재 수혜자를 참조하십시오.

국제 중개인 식별 번호 (GIIN).

서식 2 및 3 페이지에서 파트 V 및 VI의 라인 7b가 수정되어 파트 V 또는 VI의 라인 7a에보고 된 지정된 외환 금융 자산과 관련된 GIIN의보고를 요청합니다. Form 8938에 GIIN을보고하는 것은 선택 사항입니다.

양식의 목적.

이자가있는 모든 특정 외국 금융 자산의 총 가치가 적절한보고 임계 값보다 큰 경우 양식 8938을 사용하여 지정된 해외 금융 자산을보고하십시오. 나중에보고 임계 값을 참조하십시오.

FBAR을 제출해야하는 경우, Finding Form 8938은 FinCEN Form 114, Foreign Bank and Financial Accounts (FBAR) 보고서를 제출해야한다는 요구를 면제하지 않습니다. FinCEN Form 114 및 FBAR 제출 요건에 대한 지침을 참조하십시오. 양식 8938과 FBAR 제출 요건을 비교하는 차트는 irs. gov/Businesses/Comparison-of-Form-8938-and-FBAR-Requirements에서 양식 8938과 FBAR 요구 사항 비교를 참조하십시오.

언제 그리고 어떻게 제출할 것인가.

양식 8938을 연간 신고서와 파일에 기한 (연장 포함)까지 첨부하십시오.

연간 수익에는 다음과 같은 수익이 포함됩니다.

지침의 "연간 수익"또는 "소득세 신고서"에 대한 언급은 소득세 신고서 이건 정보 신고서 이건 상관없이 여기에 열거 된 모든 신고에 대한 참조를 포함합니다.

연간 환급이나 수정 된 환급에 첨부되지 않는 한 IRS에 양식 8938을 보내지 마십시오.

누가 반드시 제출해야합니까?

Unless an exception applies, you must file Form 8938 if you are a specified person (either a specified individual or a specified domestic entity) 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 Reporting Thresholds, later.

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 Individual.

You are a specified individual if you are one of the following.

A resident alien of the United States for any part of the tax year (but see Reporting Period, later).

A nonresident alien who makes an election to be treated as a resident alien for purposes of filing a joint income tax return.

A nonresident alien who is a bona fide resident of American Samoa or Puerto Rico. See Pub. 570, Tax Guide for Individuals With Income From U. S. Possessions, for a definition of bona fide resident.

You are a resident alien if you are treated as a resident alien for U. S. tax purposes under the green card test or the substantial presence test. For more information, see Pub. 519, U. S. Tax Guide for Aliens. If you qualify as a resident alien under either rule, you are a specified individual.

Special rule for dual resident taxpayers.

If you are a dual resident taxpayer (within the meaning of Treasury Regulations section 301.7701(b)-7(a)(1)), who determines his or her income tax liability for all or a portion of the taxable year as if he or she were a nonresident alien as provided by Treasury Regulations section 301.7701(b)-7, file Form 8938 as follows:

Specified individual filing as a nonresident alien at the end of his or her taxable year.

You are not required to report specified foreign financial assets on Form 8938 for the portion of your taxable year covered by Form 1040NR or Form 1040NR-EZ, provided you comply with the filing requirements of Treasury Regulations section 301.7701(b)-7(b) and (c), including the requirement to timely file Form 1040NR or Form 1040NR-EZ, as applicable, and attach Form 8833.

Specified individual filing as a resident alien at the end of his or her taxable year.

You are not required to report specified foreign financial assets on Form 8938 for the portion of your taxable year reflected on the schedule to Form 1040 or the schedule to Form 1040EZ, as applicable, required by Treasury Regulations section 1.6012-1(b)(ii)(a), provided you comply with the filing requirements of Treasury Regulations section 1.6012-1(b)(2)(ii)(a), including the requirement to timely file Form 1040 or Form 1040EZ and attach a properly completed Form 8833.

Specified Domestic Entity.

You are a specified domestic entity if you are one of the following.

A closely held domestic corporation that has at least 50 percent of its gross income from passive income.

A closely held domestic corporation if at least 50 percent of its assets produce or are held for the production of passive income (see Passive income and Percentage of passive assets held by a corporation or partnership. , later)

A closely held domestic partnership that has at least 50 percent of its gross income from passive income.

A closely held domestic partnership if at least 50 percent of its assets produce or are held for the production of passive income (see Passive income, and Percentage of passive assets held by a corporation or partnership , later).

A domestic trust described in section 7701(a)(30)(E) that has one or more specified persons (a specified individual or a specified domestic entity) as a current beneficiary.

Closely held domestic corporation.

A domestic corporation is closely held if, on the last day of the corporation’s taxable year, a specified individual directly, indirectly, or constructively owns at least 80 percent of the total combined voting power of all classes of stock of the corporation entitled to vote or at least 80 percent of the total value of the stock of the corporation.

Closely held domestic partnership.

A domestic partnership is closely held if, on the last day of the partnership’s taxable year, a specified individual directly, indirectly, or constructively holds at least 80 percent of the capital or profits interest in the partnership.

Sections 267(c) and (e)(3) apply for purposes of determining a specified individual’s constructive ownership in a domestic corporation or partnership, except that section 267(c)(4) is applied as if the family of an individual includes the spouses of the specified individual’s family members.

Passive income means the portion of gross income that consists of:

Dividends, including substitute dividends,

Income equivalent to interest, including substitute interest,

Rents and royalties, other than rents and royalties derived in the active conduct of a trade or business conducted, at least in part, by employees of the corporation or partnership,

The excess of gains over losses from the sale or exchange of property described in Regulations section 1.6038D-6(b)(3)(i)(F) and that give rise to the types of passive income listed above,

The excess of gains over losses from transactions (including futures, forwards, and similar transactions) in any commodity, but not including,

Any commodity hedging transaction described in section 954(c)(5)(A), or.

Active business gains or losses from the sale of commodities, but only if substantially all the corporation’s or partnership’s commodities are property described in paragraph (1), (2), or (8) of section 1221(a),

The excess of foreign currency gains over foreign currency losses (as defined in section 988(b)) attributable to any section 988 transaction, and.

Net income from notional principal contracts.

Exception from passive income treatment for dealers.

In the case of a domestic corporation or partnership regularly acting as a dealer in property described in Regulations section 1.6038D-6(b)(3)(i)(F), forward contracts, options contracts, or similar financial instruments (including notional principal contracts and all instruments referenced to commodities) passive income does not include the following:

Any item of income or gain (other than any dividends or interest) from any transaction (including hedging transactions and transactions involving physical settlement) entered into in the ordinary course of such dealer’s trade or business as such a dealer.

In the case of a corporation or partnership that is a dealer in securities (within the meaning of section 475(c)(2)), any income from any transaction entered into in the ordinary course of the corporation’s or partnership’s trade or business as a dealer in securities.

Passive income or assets of related corporations and partnerships.

For purposes of determining whether a domestic corporation or partnership meets the passive income or asset test, domestic corporations and domestic partnerships that are closely held by the same specified individual and that are connected through stock or partnership ownership with a common parent corporation or partnership are treated as owning the combined assets and receiving the combined income of all members of that group. For this purpose, any contract, equity, or debt existing between members of the group, as well as any items of gross income arising from that contract, equity, or debt is eliminated.

Connected stock or partnership ownership.

A domestic corporation or partnership is considered connected through stock or partnership interest ownership with a common parent corporation or partnership in the following circumstances.

Stock representing at least 80 percent of the total combined voting power of all classes of stock of the corporation entitled to vote or of the value of such corporation, other than stock of the common parent, is owned by one or more of the other connected corporations, connected partnerships, or the common parent.

Partnership interests representing at least 80 percent of the profits interests or capital interests of the partnership, other than partnership interests in the common parent, is owned by one or more of the other connected corporations, connected partnerships, or the common parent.

Percentage of passive assets held by a corporation or partnership.

For purposes of determining whether at least 50 percent of your assets produce or are held for the production of passive income, the percentage of passive assets held by the corporation or partnership for a taxable year is the weighted average percentage of passive assets (weighted by total assets and measured quarterly). The value of assets of the corporation or partnership is the fair market value or the book value. The book value of assets is the amount reflected on the corporation’s or partnership’s balance sheet and may be determined under either a U. S. or an international financial accounting standard. See example below, which illustrates the application of this weighted average asset rule.

The following example illustrates the application of the weighted average asset rule.

A trust described in section 7701(a)(30)(E) is considered a specified domestic entity if and only if the trust has one or more specified persons (a specified individual or a specified domestic entity) as a current beneficiary for the taxable year.

Current beneficiary.

With respect to a taxable year, a current beneficiary is any person who at any time during the taxable year is entitled to, or at the discretion of any person may receive, a distribution from the principal or income of the trust (determined without regard to any power of appointment to the extent that such power remains unexercised at the end of the taxable year).

Special rule for general powers of appointment.

A current beneficiary also includes any holder of a general power of appointment, whether or not exercised, that was exercisable at any time during the taxable year. A holder of a general power of appointment that is exercisable only on the death of the holder is not a current beneficiary.

Excepted Specified Domestic Entities.

Entities described in section 1473(3).

An entity described in section 1473(3) and the regulations thereunder, with the exception of a trust that is exempt from tax under section 664(c), is not a specified domestic entity.

Certain domestic trusts.

A trust described in section 7701(a)(30)(E) is not considered a specified domestic entity, provided that:

The trustee is one of the following:

A bank that is examined by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, or the National Credit Union Administration,

A financial institution that is registered with and regulated or examined by the Securities and Exchange Commission, or.

A domestic corporation described in section 1473(3)(A) or (B), and the regulations issued with respect to those provisions,

The trustee has supervisory authority over or fiduciary obligations with regard to the specified foreign financial assets held by the trust, and.

The trustee files annual returns and information returns by the due date (including any applicable extensions) on behalf of the trust.

Domestic trusts owned by one or more specified persons.

A trust described in section 7701(a)(30)(E) to the extent the trust or any portion of the trust is treated as owned by one or more specified persons under sections 671 through 678 and the regulations.

Reporting Thresholds.

Reporting Thresholds Applying to Specified Individuals.

If you are a specified individual, your applicable reporting threshold depends upon whether you are married, file a joint federal income tax return, and live inside (or outside) the United States.

Taxpayers living in the United States.

If you do not live outside the United States, you satisfy the reporting threshold discussed next that applies to you and no exception applies, file Form 8938 with your income tax return.

Unmarried taxpayers.

If you are not married, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.

Married taxpayers filing a joint income tax return.

If you are married and you and your spouse file a joint income tax return, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $100,000 on the last day of the tax year or more than $150,000 at any time during the tax year.

Married taxpayers filing separate income tax returns.

If you are married and file a separate income tax return from your spouse, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.

Taxpayers living outside the United States.

If your tax home is in a foreign country, you meet one of the presence abroad tests described next, and no exception applies, file Form 8938 with your income tax return if you satisfy the reporting threshold discussed next that applies to you.

Unmarried taxpayers.

If you are not married, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $200,000 on the last day of the tax year or more than $300,000 at any time during the tax year.

Married taxpayers filing a joint income tax return.

If you are married and you and your spouse file a joint income tax return, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $400,000 on the last day of the tax year or more than $600,000 at any time during the tax year.

Married taxpayers filing separate income tax returns.

If you are married and file a separate income tax return from your spouse, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $200,000 on the last day of the tax year or more than $300,000 at any time during the tax year.

Presence abroad.

You satisfy the presence abroad test if you are one of the following.

A U. S. citizen who has been a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year.

A U. S. citizen or resident who is present in a foreign country or countries at least 330 full days during any period of 12 consecutive months that ends in the tax year being reported.

Reporting Thresholds Applying to Specified Domestic Entities.

If you are a specified domestic entity, you satisfy the reporting threshold only if the total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.

Determining the Total Value of Your Specified Foreign Financial Assets.

You must figure the total value of the specified foreign financial assets in which you have an interest to determine if you satisfy the reporting threshold that applies to you. To determine if you have an interest in a specified foreign financial asset, see Interests in Specified Foreign Financial Assets, later.

Valuing specified foreign financial assets.

The value of a specified foreign financial asset for purposes of determining the total value of specified foreign financial assets in which you have an interest during the tax year or on the last day of the tax year is the asset's fair market value. For purposes of figuring the total value of specified foreign financial assets, the value of a specified foreign financial asset denominated in a foreign currency must be first determined in the foreign currency and then converted to U. S. dollars. See Foreign currency conversion in Reporting Maximum Value, later, for rules on determining and applying the appropriate foreign currency exchange rate.

Value of an interest in a foreign trust during the tax year.

If you do not know or have reason to know based on readily accessible information the fair market value of your interest in a foreign trust during the tax year, the value to be included in determining the total value of your specified foreign financial assets during the tax year is the maximum value of your interest in the foreign trust. See Valuing interests in foreign trusts in Reporting Maximum Value, later, for rules on determining the maximum value of an interest in a foreign trust.

Value of an interest in a foreign estate, foreign pension plan, and foreign deferred compensation plan.

If you do not know or have reason to know based on readily accessible information the fair market value of your interest in a foreign estate, foreign pension plan, or foreign deferred compensation plan during the tax year, the value to be included in determining the total value of your specified foreign financial assets during the tax year is the fair market value, determined as of the last day of the tax year, of the currency and other property distributed during the tax year to you. If you received no distributions during the tax year and do not know or have reason to know based on readily accessible information the fair market value of your interest, use a value of zero for the interest.

Asset with no positive value.

If the maximum value of a specified foreign financial asset is less than zero, use a value of zero for the asset.

If you jointly own an asset with someone else, the value that you use to determine the total value of all of your specified foreign financial assets depends on whether the other owner is your spouse and, if so, whether your spouse is a specified individual and whether you file a joint or separate return.

Joint ownership with spouse filing joint income tax return.

If you and your spouse file a joint income tax return and, therefore, would file one combined Form 8938 for the tax year, include the value of the asset jointly owned with your spouse only once to determine the total value of all of the specified foreign financial assets you and your spouse own.

Joint ownership with spouse filing separate income tax return. Joint interestsJoint ownership with spouse filing separate income tax return.

If you and your spouse are specified individuals and you each file a separate annual return, include one-half of the value of the asset jointly owned with your spouse to determine the total value of all of your specified foreign financial assets.

Joint ownership with a spouse who is not a specified individual or someone other than a spouse. Joint interestsJoint ownership with a spouse who is not a specified individual or someone other than a spouse.

Each joint owner includes the entire value of the jointly owned asset to determine the total value of all of that joint owner's specified foreign financial assets.

Special Rules.

Assets reported on another form.

Specified individual.

If you are a specified individual, include the value of all specified foreign financial assets, even if they are reported on another form listed in Part IV , to determine if you satisfy the reporting threshold that applies to you. See Part IV. Excepted Specified Foreign Financial Assets , later.

Specified domestic entity.

If you are a specified domestic entity, exclude the value of any specified foreign financial asset reported on another form listed in Part IV , to determine if you satisfy the applicable reporting threshold.

Bona fide resident of a U. S. possession.

Do not include the value of specified foreign financial assets you are not required to report because you are a bona fide resident of a U. S. possession. See Bona fide resident of a U. S. possession, under Exceptions to Reporting, later.

Owners of certain domestic trusts.

Do not include the value of specified foreign financial assets you are not required to report because you are an owner of a domestic widely-held fixed investment trust or a domestic liquidating trust created under chapter 7 or chapter 11 of the Bankruptcy Code. See Domestic investment trusts, and Domestic bankruptcy trusts, under Exceptions to Reporting, later.

Related domestic corporations and partnerships.

To determine if you satisfy the applicable reporting threshold, a specified domestic entity that is a corporation or partnership and that has an interest in any specified foreign financial asset is treated as owning all specified foreign financial assets held by all related corporations or partnerships that are closely held by the same specified individual (excluding specified foreign financial assets that are excluded from reporting under Part IV of Form 8938 or because you are the owner of a domestic widely-held fixed investment trust or a domestic liquidating trust created under chapter 7 or chapter 11 of the Bankruptcy Code).

These examples may help you decide if you have to file Form 8938.

I am not married and do not live abroad. The total value of my specified foreign financial assets does not exceed $49,000 during the tax year.

You do not have to file Form 8938. You do not satisfy the reporting threshold of more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.

I am not married and do not live abroad. I sold my only specified foreign financial asset on October 15, when its value was $125,000.

You have to file Form 8938. You satisfy the reporting threshold even though you do not hold any specified foreign financial assets on the last day of the tax year because you did own specified foreign financial assets of more than $75,000 at any time during the tax year.

I am not married and do not live abroad. An unrelated U. S. resident and I jointly own a specified foreign financial asset valued at $60,000.

You each have to file Form 8938. You each satisfy the reporting threshold of more than $50,000 on the last day of the tax year.

I am not married and do not live abroad. I own an entity disregarded for tax purposes, which owns one specified foreign financial asset valued at $30,000. In addition, I own a specified foreign financial asset valued at $25,000.

You have to file Form 8938. You own both the specified foreign financial asset owned by the disregarded entity and the specified foreign financial asset you own directly, for a total value of $55,000. You satisfy the reporting threshold of more than $50,000 on the last day of the tax year.

My spouse and I do not live abroad and file a joint income tax return. We jointly own a single specified foreign financial asset valued at $60,000.

You and your spouse do not have to file Form 8938. You do not satisfy the reporting threshold of more than $100,000 on the last day of the tax year or more than $150,000 at any time during the tax year.

My spouse and I do not live abroad, file a joint income tax return, and jointly and individually own specified foreign financial assets. On the last day of the tax year, my spouse and I jointly own a specified foreign financial asset with a value of $90,000. My spouse has a separate interest in a specified foreign financial asset with a value of $10,000. I have a separate interest in a specified foreign financial asset with a value of $1,000.

You and your spouse have to file a combined Form 8938. You and your spouse have an interest in specified foreign financial assets in the amount of $101,000 on the last day of the tax year. This is the entire value of the specified foreign financial asset that you jointly own, $90,000, plus the value of the asset that your spouse separately owns, $10,000, plus the value of the asset that you separately own, $1,000. You and your spouse satisfy the reporting threshold of more than $100,000 on the last day of the tax year.

My spouse and I do not live abroad, file separate income tax returns, and jointly own a specified foreign financial asset valued at $60,000 for the entire year.

Neither you nor your spouse has to file Form 8938. You each use one-half of the value of the asset, $30,000, to determine the total value of specified foreign financial assets that you each own. Neither of you satisfies the reporting threshold of more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.

My spouse and I file separate income tax returns, jointly and individually own specified foreign financial assets, and do not live abroad. On the last day of the tax year, my spouse and I jointly own a specified foreign financial asset with a value of $90,000. My spouse has a separate interest in a specified foreign financial asset with a value of $10,000. I have a separate interest in a specified foreign financial asset with a value of $1,000.

You do not have to file Form 8938 but your spouse does. Your spouse has an interest in specified foreign financial assets in the amount of $55,000 on the last day of the tax year. This is one-half of the value of the asset that you jointly own, $45,000, plus the entire value of the asset that your spouse separately owns, $10,000. You have an interest in specified foreign financial assets in the amount of $46,000 on the last day of the tax year. This is one-half of the value of the asset that you jointly own, $45,000, plus the entire value of the asset that you separately own, $1,000. Your spouse satisfies the reporting threshold of more than $50,000 on the last day of the tax year. You do not satisfy the reporting threshold of more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.

My spouse and I are U. S. citizens but live abroad for the entire tax year and file a joint income tax return. The total value of our combined specified foreign financial assets on any day of the tax year is $150,000.

You and your spouse do not have to file Form 8938. You do not satisfy the reporting threshold of more than $400,000 on the last day of the tax year or more than $600,000 at any time during the tax year for married individuals who live abroad and file a joint income tax return.

My spouse and I live abroad and file separate income tax returns. My spouse is not a specified individual. On the last day of the tax year, my spouse and I jointly own a specified foreign financial asset with a value of $150,000. My spouse has a separate interest in a specified foreign financial asset with a value of $10,000. I have a separate interest in a specified foreign financial asset with a value of $60,000.

You have to file Form 8938 but your spouse, who is not a specified individual, does not. You have an interest in specified foreign financial assets in the amount of $210,000 on the last day of the tax year. This is the entire value of the asset that you jointly own, $150,000, plus the entire value of the asset that you separately own, $60,000. You satisfy the reporting threshold for a married individual living abroad and filing a separate return of more than $200,000 on the last day of the tax year.

Specified Foreign Financial Assets.

Specified foreign financial assets include the following assets.

Financial accounts maintained by a foreign financial institution.

The following foreign financial assets if they are held for investment and not held in an account maintained by a financial institution:

Stock or securities issued by someone that is not a U. S. person (including stock or securities issued by a person organized under the laws of a U. S. possession),

Any interest in a foreign entity, and.

Any financial instrument or contract that has an issuer or counterparty that is not a U. S. person (including a financial contract issued by, or with a counterparty that is, a person organized under the laws of a U. S. possession).

For foreign financial assets excepted from reporting, see Assets Not Required To Be Reported, later.

An interest in a social security, social insurance, or other similar program of a foreign government is not a specified foreign financial asset.

A financial account is any depository or custodial account (under Regulations section 1.1471-5(b)(1)(i) or (ii)) maintained by a foreign financial institution as well as any equity or debt interest in a foreign financial institution (other than interests that are regularly traded on an established securities market) or any cash value life insurance or annuity contract maintained by an insurance company or other foreign financial institution. A specified foreign financial asset includes a financial account maintained by a financial institution that is organized under the laws of a U. S. possession (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, or the U. S. Virgin Islands).

Foreign financial institution.

In most cases, a foreign financial institution is any financial institution that is not a U. S. entity and satisfies one or more of the following.

It accepts deposits in the ordinary course of a banking or similar business.

It holds financial assets for the account of others as a substantial part of its business.

It is engaged (or holds itself out as being engaged) primarily in the business of investing, reinvesting, or trading in securities, partnership interests, commodities, or any interest (including a futures or forward contract or option) in such securities, partnership interests, or commodities.

A foreign financial institution includes investment vehicles such as foreign mutual funds, foreign hedge funds, and foreign private equity funds.

Other specified foreign financial assets.

Examples of other specified foreign financial assets include the following, if they are held for investment and not held in a financial account.

Stock issued by a foreign corporation.

A capital or profits interest in a foreign partnership.

A note, bond, debenture, or other form of indebtedness issued by a foreign person.

An interest in a foreign trust or foreign estate.

An interest rate swap, currency swap, basis swap, interest rate cap, interest rate floor, commodity swap, equity swap, equity index swap, credit default swap, or similar agreement with a foreign counterparty.

An option or other derivative instrument with respect to any of these examples or with respect to any currency or commodity that is entered into with a foreign counterparty or issuer.

Assets held for investment.

You hold an asset, including a partnership interest, for investment if you do not use it in, or hold it for use in, the conduct of any trade or business.

Stock is not considered used or held for use in the conduct of a trade or business.

For taxable years beginning on or after December 12, 2014, if you are required to file Form 8938, in addition to reporting retirement and pension accounts and non-retirement savings accounts described in Regulations section 1.1471-5(b)(2)(i), you must report retirement and pension accounts, non-retirement savings accounts, and accounts satisfying conditions similar to those described in Regulations section 1.1471-5(b)(2)(i) that are otherwise excluded from the definition of a financial account by an applicable Model 1 IGA or Model 2 IGA. Thus, such accounts are subject to uniform reporting rules and must be reported without regard to whether the account is maintained in a jurisdiction with an IGA.

Interests in Specified Foreign Financial Assets.

You have an interest in a specified foreign financial asset if any income, gains, losses, deductions, credits, gross proceeds, or distributions from holding or disposing of the asset are or would be required to be reported, included, or otherwise reflected on your income tax return.

You have an interest in a specified foreign financial asset even if no income, gains, losses, deductions, credits, gross proceeds, or distributions from holding or disposing of the asset are included or reflected on your income tax return for this tax year.

Interests in property transferred in connection with the performance of services.

You are first considered to have an interest in property transferred in connection with the performance of services on the first date that the property is substantially vested (within the meaning of Regulations section 1.83-3(b)) or, if you have made a valid section 83(b) election with respect to the property, on the date of transfer of the property.

Interests in assets held by disregarded entities.

If you are the owner of a disregarded entity, you have an interest in any specified foreign financial assets owned by the disregarded entity.

Interests in jointly owned assets.

A joint owner of an asset has an interest in the entire asset. For special rules for interests in assets jointly owned by spouses, see Joint interests in Determining the Total Value of Your Specified Foreign Financial Assets, earlier, and Reporting the value of jointly owned assets, in Reporting Maximum Value, later.

Interests in assets held in financial accounts.

If you have an interest in a financial account that holds specified foreign financial assets, you do not have to report the assets held in the account.

Interests in assets generating certain unearned income of children.

If you file Form 8814, Parents' Election To Report Child's Interest and Dividends, with your income tax return to elect to include in your gross income certain unearned income of your child (the "kiddie tax" election), you have an interest in any specified foreign financial asset held by the child.

Interests in assets held by entities that are not disregarded entities.

In most cases, you do not own an interest in any specified foreign financial asset held by a partnership, corporation, trust, or estate solely as a result of your status as a partner, shareholder, or beneficiary.

Interests in assets held by grantor trust.

If you are considered the owner under the grantor trust rules of any part of a trust, you have an interest in any specified foreign financial asset held by that part of the trust you are considered to own. For exceptions from reporting for owners of certain domestic investment or bankruptcy trusts, see Domestic investment trusts and Domestic bankruptcy trusts in Exceptions to Reporting, later.

Interests in foreign estates and foreign trusts.

An interest in a foreign trust or a foreign estate is not a specified foreign financial asset unless you know or have reason to know based on readily accessible information of the interest. If you receive a distribution from the foreign trust or foreign estate, you are considered to know of the interest.

Interests in foreign pension plans and foreign deferred compensation plans.

Report in Part VI your interest in the foreign pension plan or foreign deferred compensation plan. Do not separately report the assets held by the plan. See Valuing interests in foreign estates, foreign pension plans, and deferred compensation plans, in Reporting Maximum Value, later.

Reporting Period.

Unless an exception applies, the reporting period for Form 8938 is your tax year.

Exception for partial tax years of specified individuals.

If you are a specified individual for less than the entire tax year, the reporting period is the part of the year that you are a specified individual.

John is a calendar year taxpayer. The Form 8938 reporting period begins on January 1 and ends on December 31.

Agnes was a single, calendar year taxpayer who died on March 6. The Form 8938 reporting period begins on January 1 and ends on March 6.

George, a calendar year taxpayer, is not a U. S. citizen or married. George arrived in the United States on February 1 and satisfied the substantial presence test for the tax year. The Form 8938 reporting period begins on George's U. S. residency starting date, February 1, and ends on December 31.

Reporting Maximum Value.

You must report the maximum value during the tax year of each specified foreign financial asset reported on Form 8938. In most cases, the value of a specified foreign financial asset is its fair market value. An appraisal by a third party is not necessary to estimate the maximum fair market value during the year. See Valuing financial accounts, and Valuing other specified foreign financial assets, later.

Assets with no positive value.

If the maximum value of a specified foreign financial asset is less than zero, use a value of zero as the maximum value of the asset.

Foreign currency conversion.

If your specified foreign financial asset is denominated in a foreign currency during the tax year, the maximum value of the asset must be determined in the foreign currency and then converted to U. S. dollars.

In most cases, you must use the U. S. Treasury Bureau of the Fiscal Service foreign currency exchange rate for purchasing U. S. dollars. You can find this rate on fiscal. treasury. gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home. htm. If no U. S. Treasury Bureau of the Fiscal Service exchange rate is available, you must use another publicly available foreign currency exchange rate for purchasing U. S. dollars and disclose the rate on Form 8938.

Currency determination date.

Use the currency exchange rate on the last day of the tax year to figure the maximum value of a specified foreign financial asset or the value of a specified foreign financial asset for the purpose of determining the total value of your specified foreign financial assets to see whether you have met the reporting threshold. Use this rate even if you sold or otherwise disposed of the specified foreign financial asset before the last day of the tax year.

Exception for financial account statement currency conversion rate.

You may rely on the foreign currency conversion rate reflected in a financial account statement issued at least annually by the financial institution maintaining the account.

Reporting the value of jointly owned assets.

If you own an asset jointly with one or more persons, you must report the asset's maximum value as follows.

Married specified individuals filing a joint income tax return.

If you are married and you and your spouse file a joint income tax return, report any specified foreign financial asset that you jointly own only once and include the maximum value of the entire asset (and not just the maximum value of your interest in the asset). Also, you must report any specified foreign financial asset that you or your spouse separately own and include the maximum value of the entire asset. If you and your spouse file a joint income tax return that includes Form 8814, you must report any specified foreign financial asset your child owns only once and include the maximum value of the entire asset.

Married specified individuals filing separate income tax returns.

If you are married and you and your spouse are specified individuals who file separate income tax returns, both you and your spouse report any specified foreign financial asset that you jointly own on your separate Forms 8938, and both you and your spouse must include the maximum value of the entire asset on your separate Forms 8938. You also must report any specified foreign financial asset that you own individually on your separate Form 8938 and include the maximum value of the entire asset. If you file Form 8814, you must report any specified foreign financial asset your child owns and include the maximum value of the entire asset.

Other joint ownership.

If you are a joint owner of a specified foreign financial asset and you cannot use one of the special rules for married individuals who file a joint tax return, you must report the specified foreign financial asset and include the maximum value of the entire asset.

Valuing financial accounts.

You may rely on periodic account statements for the tax year to report a financial account's maximum value unless you know or have reason to know based on readily accessible information that the statements do not reflect a reasonable estimate of the maximum account value during the tax year.

Valuing other specified foreign financial assets.

In most cases, you may use the value of a specified foreign financial asset that is not a financial account and that is held for investment and not held in an account maintained by a financial institution as of the last day of the tax year, unless you know or have reason to know based on readily accessible information that the value does not reflect a reasonable estimate of the maximum value of the asset during the tax year.

예. I have publicly traded foreign stock not held in a financial account that has a fair market value as of the last day of the tax year of $100,000, although, based on daily price information that is readily available, the 52-week high trading price for the stock results in a maximum value of the stock during the tax year of $150,000.

If you are required to file Form 8938, the maximum value of the foreign stock to be reported is $150,000, based on readily available information of the stock’s maximum value during the tax year.

Valuing interests in foreign trusts.

If you are a beneficiary of a foreign trust, the maximum value of your interest in the trust is the sum of the following amounts.

The value of all of the cash or other property distributed during the tax year from the trust to you as a beneficiary, and.

The value using the valuation tables under section 7520 of your right as a beneficiary to receive mandatory distributions as of the last day of the tax year.

Valuing interests in foreign estates, foreign pension plans, and foreign deferred compensation plans.

If you have an interest in a foreign estate, foreign pension plan, or foreign deferred compensation plan, the maximum value of your interest is the fair market value of your beneficial interest in the assets of the estate, pension plan, or deferred compensation plan as of the last day of the tax year. If you do not know or have reason to know based on readily accessible information the fair market value as of the last day of the tax year, the maximum value is the fair market value, determined as of the last day of the tax year, of the cash and other property distributed during the tax year to you as a beneficiary or participant. If you received no distributions during the tax year and do not know or have reason to know based on readily accessible information the fair market value of your interest as of the last day of the tax year, use a value of zero as the maximum value of the asset.

Assets Not Required To Be Reported.

You are not required to report the following assets.

Certain financial accounts.

The following financial accounts and the assets held in such accounts are not specified foreign financial assets and do not have to be reported on Form 8938.

A financial account that is maintained by a U. S. payer, such as a domestic financial institution. In general, a U. S. payer also includes a domestic branch of a foreign bank or foreign insurance company and a foreign branch or foreign subsidiary of a U. S. financial institution.

Examples of financial accounts maintained by U. S. financial institutions include:

U. S. mutual funds accounts;

IRAs (traditional or Roth);

Section 401(k) retirement accounts;

Qualified U. S. retirement plans;

Brokerage accounts maintained by U. S. financial institutions.

A financial account that is maintained by a dealer or trader in securities or commodities if all of the holdings in the account are subject to the mark-to-market accounting rules for dealers in securities or an election under section 475(e) or (f) is made for all of the holdings in the account.

You do not have to report any asset that is not held in a financial account if the asset is subject to the mark-to-market accounting rules for dealers in securities or commodities or an election under section 475(e) or (f) is made for the asset.

Exceptions to Reporting.

You do not have to report any asset on Form 8938 if you report it on one or more of the following forms that you timely file with the IRS for the same tax year.

Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.

Form 5471, Information Return of U. S. Persons With Respect To Certain Foreign Corporations.

Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.

Form 8865, Return of U. S. Persons With Respect to Certain Foreign Partnerships.

Instead, you must identify on Form 8938 the form(s) on which you report the specified foreign financial asset and how many of these forms you file. See Part IV. Excepted Specified Foreign Financial Assets, later.

Joint Form 5471 or Form 8865 filers.

If you are included as part of a joint Form 5471 or Form 8865 filing and provide the notification required by Regulations section 1.6038-2(i) or Regulations section 1.6038-3(c), you are considered to have filed that form for purposes of Part IV , Excepted Specified Foreign Financial Assets, later.

If you are considered the owner under the grantor trust rules of any part of a foreign trust, you do not have to report any of the specified foreign financial assets held by the part of the trust you are considered to own if you satisfy the following conditions.

You report the trust on a Form 3520 that you timely file with the IRS for the same tax year.

The trust timely files Form 3520-A, Annual Information Return of Foreign Trust With a U. S. Owner, with the IRS for the same tax year.

Instead, you must identify on Form 8938 how many of these forms you file. See Part IV. Excepted Specified Foreign Financial Assets, later.

If you are a specified individual, you must include the value of the assets reported on Forms 3520, 3520-A, 5471, 8621, and 8865 in determining whether you satisfy the reporting threshold that applies to you. See Reporting Thresholds Applying to Specified Individuals, earlier.

Domestic investment trusts.

If you are considered the owner under the grantor trust rules of any part of a domestic widely held fixed investment trust under Regulations section 1.671-5, you do not have to report any specified foreign financial asset held by the part of the trust you are considered to own.

Domestic bankruptcy trusts.

If you are considered the owner under the grantor trust rules of any part of a domestic liquidating trust under Regulations section 301.7701-4(d) that is created under chapter 7 or chapter 11 of the Bankruptcy Code, you do not have to report any specified foreign financial asset held by the part of the trust you are considered to own.

Bona fide resident of a U. S. possession.

If you are a bona fide resident of a U. S. possession (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, or the U. S. Virgin Islands), do not include the value of the following assets to determine if you satisfy the reporting threshold that applies to you. If you are required to file Form 8938, you do not have to report the following specified foreign financial assets on Form 8938.

A financial account maintained by a financial institution organized under the laws of the U. S. possession of which you are a bona fide resident.

A financial account maintained by a branch of a financial institution not organized under the laws of the U. S. possession of which you are a bona fide resident, if the branch is subject to the same tax and information reporting requirements that apply to a financial institution organized under the laws of the U. S. possession of which you are a bona fide resident.

Stock or securities issued by an entity organized under the laws of the U. S. possession of which you are a bona fide resident.

An interest in an entity organized under the laws of the U. S. possession of which you are a bona fide resident.

A financial instrument or contract held for investment, provided each issuer or counterparty that is not a U. S. person is either an entity organized under the laws of the U. S. possession of which you are a bona fide resident or a bona fide resident of the U. S. possession of which you are a bona fide resident.

You may be subject to penalties if you fail to timely file a correct Form 8938 or if you have an understatement of tax relating to an undisclosed specified foreign financial asset.

Failure-To-File Penalty.

If you are required to file Form 8938 but do not file a complete and correct Form 8938 by the due date (including extensions), you may be subject to a penalty of $10,000.

Continuing failure to file.

If you do not file a correct and complete Form 8938 within 90 days after the IRS mails you a notice of the failure to file, you may be subject to an additional penalty of $10,000 for each 30-day period (or part of a period) during which you continue to fail to file Form 8938 after the 90-day period has expired. The maximum additional penalty for a continuing failure to file Form 8938 is $50,000.

Married taxpayers filing a joint income tax return.

If you are married and you and your spouse file a joint income tax return, the failure to file penalties apply as if you and your spouse were a single person. You and your spouse’s liability for all penalties is joint and several.

Presumption of maximum value.

If the IRS determines that you have an interest in one or more specified foreign financial assets and asks you for information about the value of any asset, but you do not provide enough information for the IRS to determine the value of the asset, you are presumed to own specified foreign financial assets with a value of more than the reporting threshold that applies to you. See Determining the Reporting Threshold That Applies to You, earlier. In such case you are subject to the failure-to-file penalties if you do not file Form 8938.

Reasonable cause exception.

No penalty will be imposed if you fail to file Form 8938 or to disclose one or more specified foreign financial assets on Form 8938 and the failure is due to reasonable cause and not to willful neglect. You must affirmatively show the facts that support a reasonable cause claim.

The determination of whether a failure to disclose a specified foreign financial asset on Form 8938 was due to reasonable cause and not due to willful neglect will be determined on a case-by-base basis, taking into account all pertinent facts and circumstances.

Effect of foreign jurisdiction laws.

The fact that a foreign jurisdiction would impose a civil or criminal penalty on you if you disclose the required information is not reasonable cause.

Accuracy-Related Penalty.

If you underpay your tax as a result of a transaction involving an undisclosed specified foreign financial asset, you may have to pay a penalty equal to 40 percent of that underpayment.

Examples of underpayments due to transactions involving an undisclosed specified foreign financial asset include the following.

You do not report ownership of shares in a foreign corporation on Form 8938 and you received taxable distributions from the company that you did not report on your income tax return.

You do not report ownership of shares in a foreign company on Form 8938 and you sold the shares in the company for a gain and did not report the gain on your income tax return.

You do not report a foreign pension on Form 8938 and you received a taxable distribution from the pension plan that you did not report on your income tax return.

If you underpay your tax due to fraud, you must pay a penalty of 75 percent of the underpayment due to fraud.

Criminal Penalties.

In addition to the penalties already discussed, if you fail to file Form 8938, fail to report an asset, or have an underpayment of tax, you may be subject to criminal penalties.

Statute of Limitations.

If you fail to file Form 8938 or fail to report a specified foreign financial asset that you are required to report, the statute of limitations for the tax year may remain open for all or a part of your income tax return until 3 years after the date on which you file Form 8938.

Extended statute of limitations for failure to include income.

If you do not include in your gross income an amount relating to one or more specified foreign financial assets, and the amount you omit is more than $5,000, any tax you owe for the tax year can be assessed at any time within 6 years after you filed your return.

For this purpose, specified foreign financial assets include any specified foreign financial assets in which you have an interest without regard to the reporting threshold that applies to you and regardless of any exception from reporting a specified foreign financial asset on Form 8938.

Specific Instructions.

If you are a specified individual and report all of your specified foreign financial assets on timely filed Forms 3520, 3520-A, 5471, 8621, or 8865, you do not have to report them on Form 8938. Instead, enter your name(s) and taxpayer identification number (TIN) at the top of the form and complete Part IV only. If you are a specified individual or a specified domestic entity and report only a part of your specified foreign financial assets on one or more of these forms, report the remaining assets on Form 8938 and complete Part IV .

If you have more than one account or asset to report in Part V or VI , or more than one issuer or counterparty to report in Part VI , use the continuation statement provided after page 2. Copy as many continuation statements as you need, and attach the completed statements to Form 8938 following page 2. Check the box at the top of page 1 of the form to indicate that you are attaching continuation statements, and enter the number of continuation statements in the space provided.

Enter, in the space provided below the title of Form 8938, the tax year of the specified individual or specified domestic entity for whom you are furnishing information.

Identifying Information.

Enter your name(s) and taxpayer identification number (TIN) as shown on the annual return you are filing with Form 8938. If you are a specified individual (see definition, earlier), enter the first TIN shown on your income tax return. A TIN is a social security number (SSN) or individual taxpayer identification number (ITIN). In the case of a specified domestic entity (see definition, earlier), enter the entity’s employer identification number (EIN).

Indicate the type of filer by checking the applicable box on line 3. If you are a "specified individual" (defined on page 1), check box 3a. In the case of a "specified domestic entity" (defined on page 1), check the applicable box for partnership (3b), corporation (3c), or trust (3d).

If you checked box 3a (specified individual), do not complete this line 4. If you checked box 3b (partnership) or 3c (corporation), enter the name and TIN of the specified individual (defined earlier) who closely holds the partnership or corporation. If you checked box 3d (trust), enter the name and TIN of the specified person (defined earlier) who is a current beneficiary of the trust.

If you are a paper filer and you have more than one specified individual or specified person, attach a statement listing the name and TIN of each such specified individual or specified person.

If you are a specified individual (see Specified Individual, earlier) for less than the entire tax year, you only have to report the information for the part of the year that you are a specified individual.

Part I. Foreign Deposit and Custodial Accounts Summary.

Use Part I to summarize information regarding foreign deposit and custodial accounts reported on all Parts V .

Report the number of deposit accounts reported on all Parts V .

Report the total maximum value of these deposit accounts.

Report the number of custodial accounts reported on all Parts V .

Report the total maximum value of these custodial accounts.

Indicate whether any foreign deposit or custodial accounts were closed during the tax year.

Part II. Other Foreign Assets Summary.

Use Part II to summarize information regarding financial accounts (other than foreign deposit and custodial accounts) and other specified foreign financial assets reported on all Parts VI .

Report the number of accounts and assets reported on all Parts VI .

Report the total maximum value of these accounts and assets.

Indicate whether any account was opened or closed, or any asset was acquired or disposed of during the tax year.

Part III. Summary of Tax Items Attributable to Specified Foreign Financial Assets.

Enter the following items for your total assets reported in Part V or Part VI and the schedule, form, or return on which you reported the items.

Gains or (losses).

If you did not report any tax item for a specified foreign financial asset on any form or schedule for the tax year, check the box on line 3d of Part V or Part VI for the account or asset.

파트 IV. Excepted Specified Foreign Financial Assets.

If you reported a specified foreign financial asset on certain other forms listed below for the same tax year, you may not have to report it on Form 8938. However, you must identify the form where you reported the asset by indicating how many forms you filed.

For more information, see Duplicative reporting, earlier. If you reported a specified foreign financial asset on one or more of the following forms, enter the number of forms filed.

If you are treated as an owner of any part of a foreign grantor trust, you may have to file Form 8938 to report specified foreign financial assets held by the trust. If you are a beneficiary of the foreign trust, you may have to file Form 8938 to report your interest in the trust. You do not have to report on Form 8938 any specified foreign financial asset held by the trust or your interest in the trust if you report the trust on a Form 3520 you timely file for the tax year and the trust timely files Form 3520-A for the tax year.

Part V. Detailed Information for each Foreign Deposit and Custodial Account Included in the Part I Summary.

Use Part V to report information for foreign deposit and custodial accounts. If you have more than one account, attach a continuation sheet with the required information for each additional account and check the box at the top of page 1 of the form.

Enter the following information for each foreign deposit or custodial account.

Check the box to indicate if this is a depository or a custodial account.

Enter the account number of the account or other specific identifying information for the account if there is no account number.

Check one or more boxes to indicate if any of the following applies.

The account was opened during the tax year.

The account was closed during the tax year.

The account was jointly owned with your spouse.

You did not report any tax item in Part III for this asset.

Enter the maximum value of the account during the tax year.

See Reporting Maximum Value, earlier, for information on determining the maximum value of the account.

Joint interests.

Use the following rules to determine the maximum value to report.

Spouses filing a joint return. You and your spouse report the maximum value of an account held jointly by you and your spouse only once on the single Form 8938 filed with your joint income tax return.

Spouses filing separate returns. You and your spouse each report the maximum value of an account held jointly by you and your spouse on your separate Forms 8938 filed with your separate income tax returns.

Other joint owners. Report the maximum value of the entire jointly held account on your Form 8938 filed with your income tax return, regardless of the value of your separate interest in the account.

Lines 5 and 6.

If you used a foreign currency exchange rate to convert the value of the account into U. S. dollars, check the "Yes" box on line 5 and go to line 6. Otherwise, check the "No" box and go to line 7.

If you answered "Yes" on line 5, enter the following information.

The foreign currency in which the account is maintained.

The foreign currency exchange rate used to convert the value of the account into U. S. dollars.

If the U. S. Treasury Bureau of the Fiscal Service did not provide an exchange rate, the source of the foreign currency exchange rate that you used.

You must use the foreign currency exchange rate on the last day of the tax year, even if you closed or disposed of the account before the last day of the tax year.

Enter the name of the financial institution in which the account is maintained.

If you have been furnished the GIIN associated with the financial account listed in line 7a, you have the option of entering it here.

Lines 8 and 9.

Enter the mailing address of the financial institution in which the account is maintained.

Part VI. Detailed Information for each "Other Foreign Asset" Included in Part II Summary.

Use Part VI to report information for financial accounts (other than foreign deposit and custodial accounts) and other specified foreign financial assets not held in a financial account. If you have more than one asset, attach a continuation sheet with the required information for each additional asset and check the box at the top of page 1 of the form.

Enter the following information for each financial account and specified foreign financial asset not held in a financial account reported in Part II . For examples of specified foreign financial assets not held in a financial account, see Other specified foreign financial assets, earlier.

Enter a description of the account or asset. If the asset is stock or securities, include the class or issue of the stock or securities.

You own 100 shares of XYZ Company, an Italian S. A. A sufficient description is "100 Class A shares of XYZ Company, S. A."

You own a bond issued by AB GmbH, a German GmbH. A sufficient description is "Bond of AB GmbH, maturing on December 31, 2016."

Enter the identifying number or other information identifying the account or asset.

Enter the following information about the account or asset, if required.

If the account was opened or closed, or the asset was acquired or disposed of during the year, enter the date of opening and/or closure, or acquisition and/or disposition, as applicable. If the assets were acquired or disposed of during different dates in the year, enter "Various."

If you own the account or asset jointly with your spouse, check the box on line 3c.

If you did not report any income, gain, loss, deduction, or credit for this account or asset on your tax return or any schedule or form attached to your income tax return filed for the tax year, check the box on line 3d.

Check the box for the value range that represents the maximum value of the account or asset during the tax year. If the maximum value is more than $200,000, enter the maximum value on line 4e.

See Reporting Maximum Value, earlier, for information on determining the maximum value of the account or asset.

Joint interests.

Use the following rules to figure the maximum value to report.

Spouses filing a joint return. You and your spouse report the maximum value of an account or asset held jointly by you and your spouse only once on the single Form 8938 filed with your joint income tax return.

Spouses filing separate returns. You and your spouse each report the maximum value of an account or asset held jointly by you and your spouse on your separate Forms 8938 filed with your separate income tax returns.

Other joint owners. Report the maximum value of the entire jointly held account or asset on your Form 8938 filed with your income tax return, regardless of the value of your separate interest in the account or asset.

Lines 5 and 6.

If you used a foreign currency exchange rate to convert the value of the account or asset into U. S. dollars, check the "Yes" box on line 5 and go to line 6. Otherwise, check the "No" box and go to line 7.

If you answered "Yes" to line 5, enter the following information.

The foreign currency in which the account or asset is denominated.

The foreign currency exchange rate used to convert the value of the account or asset into U. S. dollars.

If the U. S. Treasury Bureau of the Fiscal Service did not provide an exchange rate, the source of the foreign currency exchange rate that you used.

You must use the foreign currency exchange rate on the last day of the tax year, even if you closed the account or sold or disposed of the asset before the last day of the tax year.

Lines 7a through 7e.

If the account or asset you reported on line 1 is stock of a foreign entity or an interest in a foreign entity, complete lines 7a through 7e.

Enter the name of the foreign entity.

If you have been furnished the GIIN associated with the financial account or asset listed in Line 7a, you have the option of entering it here.

Check the box on line 7c to indicate the type of foreign entity.

Lines 7d and 7e.

Enter the mailing address of the foreign entity.

Lines 8a through 8e.

If the account or asset you reported on line 1 is not stock of a foreign entity or an interest in a foreign entity, complete lines 8a through 8e.

If this account or asset has more than one issuer or counterparty, copy the continuation statement provided after page 2 as many times as needed and complete a separate line 8 for each issuer or counterparty. Check the box at the top of page 1 of the form.

Enter the name of the issuer or counterparty and check the appropriate box to indicate if you are reporting for an issuer or a counterparty.

Check the appropriate box to indicate the type of issuer or counterparty.

Check the box to indicate if the issuer or counterparty is a U. S. person or a foreign person.

Lines 8d and 8e.

Enter the mailing address of the issuer or counterparty. If the issuer or counterparty has a mailing address in the United States, you can enter the U. S. mailing address.

Instructions for.

Form 8938 - Notices.

Paperwork Reduction Act Notice.

We ask for the information on this form to carry out the Internal Revenue laws of the United States. Section 6038D requires specified individuals and specified domestic entities to report specified foreign financial assets in which they have an interest. Form 8938 is used to comply with this reporting requirement.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for business taxpayers filing this form is approved under OMB control number 1545-0123. The estimated burden for all other taxpayers who file this form is shown below.

the law or the form.

and sending the.

If you have comments concerning the accuracy of this time estimate or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.