Who Must File the Form 8938 The Form 8938 is used to report Specified Foreign Financial Assets to the IRS. It is a tax form that is filed in conjunction with a U.S. Person’s tax return. In other words, if a Taxpayer is not required to file a U.S. tax return, they are not required […] The post Who Must File the Form 8938, Specified Persons and Exceptions appeared first on Form 8938 & FATCA: Foreign Asset Reporting | Global Tax Counsel.