MI Form 8938 2021-2025

MI Form 8938: What You Should Know

See . The new Form 8958 Form 8958. Form 8958 is the Statement of Specified Foreign Financial Assets. It is more straightforward than the Form 8938, and may save you from the IRS's filing errors. Form 8958 or FAR? It's the Same “Form 8938” — Forbes Jun 23, 2025 — In the new IRS form, the statement that you “report specified foreign financial assets” is replaced with another sentence: “As part of the process of obtaining or maintaining a U.S. tax identification number, you provide your address and other identifying information or have the tax identification number already issued to you.” “Specified foreign financial assets” are foreign assets that are more than U.S. foreign financial assets reported as foreign income. Filing Taxes With the IRS's New Form 8938 — Attn. CTT — Form 8938. Oct 27, 2025 — The Form 8938 is just a form, and the new form does not eliminate reporting of foreign financial assets. This is true even for companies that report only a portion of their foreign income on their income statement. The new form does make it easier to report foreign financial assets and reduces confusion for those that have to file Form 8938 and have to know the new filing requirements for Form 8938.   Form 8938 (Rev. November 2021) — IRS Form 8938 (Rev. November 2021), Statement of Specified Foreign Financial Assets. Department of the Treasury. Internal Revenue Service. Note: Form 8938 (Rev.) requires the listing of foreign financial assets in box 1, and filing Form 8938 (Rev.) is a legal requirement. There is no requirement to report specified foreign financial assets or to update the address if a foreign address is also on the Form 990.  Form 8938. (Rev. November 2021). Statement of Specified Foreign Financial Assets. Department of the Treasury. Internal Revenue Service. [download (PDF)] Form 8938 & FAR — What's the Difference? And When Are Sep 9, 2025 — The 8938 is the Reporting of Specified Foreign Financial Assets form. It requires the reporting of specified foreign financial assets, which has  IRS Form 8938 Or FAR? — Forbes Apr 4, 2025 — The new IRS Form 8938 does not replace the FAR.

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