Instructions For Form 8938 - 2016 (Page 10 of 14) in pdf

Part III. Summary of Tax Items

(partnership) or 3c (corporation), enter

Specific Instructions

the name and TIN of the specified

Attributable to Specified

individual (defined earlier) who closely

Foreign Financial Assets

holds the partnership or corporation. If

Before you begin. If you are a

Enter the following items for your total

you checked box 3d (trust), enter the

specified individual and report all of your

assets reported in Part V or Part VI and

name and TIN of the specified person

specified foreign financial assets on

the schedule, form, or return on which

(defined earlier) who is a current

timely filed Forms 3520, 3520-A, 5471,

you reported the items.

beneficiary of the trust.

8621, or 8865, you do not have to report

Interest.

them on Form 8938. Instead, enter your

Note. If you are a paper filer and you

Dividends.

name(s) and taxpayer identification

have more than one specified individual

Royalties.

number (TIN) at the top of the form and

or specified person, attach a statement

Income.

complete Part IV only. If you are a

listing the name and TIN of each such

Gains or (losses).

specified individual or a specified

specified individual or specified person.

Deductions.

domestic entity and report only a part of

Credits.

your specified foreign financial assets

If you are a specified individual

on one or more of these forms, report

(see

Specified

Individual,

If you did not report any tax item for a

TIP

the remaining assets on Form 8938 and

earlier) for less than the entire

specified foreign financial asset on any

complete Part IV.

tax year, you only have to report the

form or schedule for the tax year, check

information for the part of the year that

the box on line 3d of Part V or Part VI for

Additional sheets. If you have more

you are a specified individual.

the account or asset.

than one account or asset to report in

Part IV. Excepted Specified

Part V or VI, or more than one issuer or

Part I. Foreign Deposit and

counterparty to report in Part VI, use the

Foreign Financial Assets

Custodial Accounts Summary

continuation statement provided after

If you reported a specified foreign

page 2. Copy as many continuation

Use Part I to summarize information

financial asset on certain other forms

statements as you need, and attach the

regarding foreign deposit and custodial

listed below for the same tax year, you

completed statements to Form 8938

accounts reported on all Parts V.

may not have to report it on Form 8938.

following page 2. Check the box at the

Line 1. Report the number of

However, you must identify the form

top of page 1 of the form to indicate that

deposit accounts reported on all Parts

where you reported the asset by

you are attaching continuation

indicating how many forms you filed.

statements, and enter the number of

continuation statements in the space

For more information, see

Duplicative

Line 2. Report the total maximum

provided.

reporting, earlier. If you reported a

value of these deposit accounts.

specified foreign financial asset on one

Tax Year

Line 3. Report the number of

or more of the following forms, enter the

custodial accounts reported on all Parts

number of forms filed.

Enter, in the space provided below the

Form 3520.

title of Form 8938, the tax year of the

Form 3520-A.

specified individual or specified

Line 4. Report the total maximum

Form 5471.

domestic entity for whom you are

value of these custodial accounts.

Form 8621.

furnishing information.

Line 5. Indicate whether any foreign

Form 8865.

deposit or custodial accounts were

Identifying Information

Foreign grantor trusts. If you are

closed during the tax year.

treated as an owner of any part of a

Lines 1 and 2. Enter your name(s) and

Part II. Other Foreign Assets

foreign grantor trust, you may have to

taxpayer identification number (TIN) as

Summary

file Form 8938 to report specified

shown on the annual return you are

foreign financial assets held by the trust.

filing with Form 8938. If you are a

Use Part II to summarize information

If you are a beneficiary of the foreign

specified individual (see definition,

regarding financial accounts (other than

trust, you may have to file Form 8938 to

earlier), enter the first TIN shown on

foreign deposit and custodial accounts)

report your interest in the trust. You do

your income tax return. A TIN is a social

and other specified foreign financial

not have to report on Form 8938 any

security number (SSN) or individual

assets reported on all Parts VI.

specified foreign financial asset held by

taxpayer identification number (ITIN). In

Line 1. Report the number of

the trust or your interest in the trust if

the case of a specified domestic entity

accounts and assets reported on all

you report the trust on a Form 3520 you

(see definition, earlier), enter the entity’s

Parts VI.

timely file for the tax year and the trust

employer identification number (EIN).

timely files Form 3520-A for the tax

Line 2. Report the total maximum

Line 3. Indicate the type of filer by

year.

value of these accounts and assets.

checking the applicable box on line 3. If

Part V. Detailed Information for

you are a "specified individual" (defined

Line 3. Indicate whether any

each Foreign Deposit and

on page 1), check box 3a. In the case of

account was opened or closed, or any

a "specified domestic entity" (defined on

Custodial Account Included in

asset was acquired or disposed of

page 1), check the applicable box for

during the tax year.

the Part I Summary

partnership (3b), corporation (3c), or

Use Part V to report information for

trust (3d).

foreign deposit and custodial accounts.

Line 4. If you checked box 3a

If you have more than one account,

(specified individual), do not complete

attach a continuation sheet with the

this line 4. If you checked box 3b

required information for each additional

Instructions for Form 8938 (2016)

Instructions For Form 8938 - 2016 Page 10

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