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Printable Form 911 Maine: What You Should Know
Specified Foreign Financial Assets). Form 8938, Statement of Specified Foreign Financial Assets, includes information on specified foreign financial assets. Form 8938, Statement of Specified Foreign Financial Assets, is no longer required of a nonresident alien with a foreign financial interest. The purpose of Form 8938, Statement of Specified Foreign Financial Assets, is to provide a statement by a nonresident alien that the net value of the investor's interest in a foreign financial asset does not exceed two million dollars (2,000,000), and that such amount has been reported or included with the Form 8871, or Form 8802, of nonresident aliens which has been required to be filed with the IRS since September 25, 1986. Form 8938, Statement of Specified Foreign Financial Assets, was originally designed for taxpayers who are actively engaged in the foreign business affairs of such individual and/or foreign corporation and have no other foreign source income that is required to be reported on Schedule F. The Form 8938 information is not a substitute for the Foreign Financial Accounts Act.
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