The two other forms mentioned on our Tax Basics page are Form 8938 and the FBAR/FINCen Form 114 which are required for Americans and green card holders who have foreign bank accounts to file.
Form 8938 - Statement of Specified Foreign Financial Assets
For form 8938 see FAWCO’s 8938 Guidelines for a simple description and chart showing thresholds of foreign financial assets. This form is filed with your tax return and sent to the IRS.
Some good news! For Form 8938 there are higher filing threshold limits for those living outside the US (between $200,000 and $600,000 depending on filing status vs. $50,000.)
Link to IRS Form 8938 and information about it.
Use this form to report your specified foreign financial assets if the total value of all the specified foreign financial assets in which you have an interest is more than the reporting threshold.
FBAR on FINCEN Form 114 – Report of Foreign Bank and Financial Accounts (FBAR) on Financial Crimes Enforcement Network (FinCEN) Form 114
Beginning 2014, FBARs have a new name! Now called FINCen 114 which must be efiled as of 2014. .
If you have questions about this form contact:
1. You will find efiling help by calling the FinCEN E-Filing Help Desk at (866) 346-9478, option 1 (M-F, 8-6 Eastern time) or by emailing them at you have questions about how to complete the form or if you are unable to E-file, filers may contact the FinCEN Regulatory Helpline to request an exemption at 800-949-2732 or ( 703) 905-3975 (not toll-free for callers outside the US). Monday - Friday, 8 am to 4:30 pm Eastern Time US.
The FinCEN Form 114 is due April 15 following the calendar year reported. You are allowed an automatic extension to October 15 if you fail to meet the FinCEN annual due date of April 15. You don’t need to request an extension to file the FinCEN. No extensions are granted after October 15. Filing late or not at all is a violation and you may be subject to penalties. You can use this link to file. Here is the IRS link with more information.
Other forms
Is there a minimum income required for filing taxes? Read more on the IRS Publication 501 PDF (1.45 MB).
IRS has a page with information about filing for US Citizens and Residents Abroad for 2022.
Here is a 2011 IRS publication 593 for Tax Highlights for US Citizens and Residents Going Abroad.
