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FBAR & Form 8938 Checker

By Permitely Editorial · Last updated October 11, 2026 · How we check this page

US person with foreign bank accounts or assets? You may have to file the FBAR, Form 8938, or both β€” they're separate rules with different thresholds. Enter your numbers to see which apply for 2026.

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1
Highest combined value of foreign financial accounts during the year (USD)

Add up all your foreign bank/brokerage accounts at their highest point. This drives the FBAR ($10,000) test.

2
Total specified foreign assets β€” year-end value (USD)

All foreign financial assets on the last day of the year β€” accounts plus foreign stock, partnership interests, etc. Drives Form 8938.

3
Highest value of those assets at any time in the year (USD)

Form 8938 also has an "any time during the year" threshold, which is higher than the year-end one.

4
Where do you live?
5
Filing status

"Abroad" means you meet the bona fide residence or physical presence test. FBAR doesn't care about status β€” but Form 8938 does.

Your filing requirements

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Related US tax tools

Read before relying on this

FBAR vs Form 8938 β€” the key differences

They look similar but are entirely separate obligations:

  • FBAR (FinCEN Form 114) β€” goes to FinCEN (Treasury), not the IRS. One flat threshold: foreign accounts over $10,000 combined, at any time. Filed online through the BSA E-Filing system, separate from your taxes.
  • Form 8938 (FATCA) β€” goes to the IRS, attached to your Form 1040. Higher, status- and residence-based thresholds. Covers a broader set of assets than just accounts.

The crucial point: filing one does not satisfy the other. Plenty of people must file both, reporting the same accounts twice to two different agencies.

The 2026 thresholds in full

FBAR: $10,000 combined foreign accounts, any time in the year. No status or residence variation.

Form 8938 (year-end / any-time):

  • Living in US, single/separate: $50,000 / $75,000
  • Living in US, married joint: $100,000 / $150,000
  • Living abroad, single/separate: $200,000 / $300,000
  • Living abroad, married joint: $400,000 / $600,000

You meet the 8938 requirement if you cross either the year-end or the any-time figure for your bracket.

What happens if you don't file

The penalties are why these forms matter so much:

  • FBAR β€” non-willful failures can draw penalties around $10,000+ per violation; willful failures can reach the greater of ~$100,000+ or half the account balance.
  • Form 8938 β€” $10,000 for failure to file, rising with continued non-compliance, plus accuracy penalties on related under-reported income.

If you're behind, the IRS Streamlined Filing Compliance Procedures and Delinquent FBAR Submission Procedures exist to help you get current. Under the Streamlined Foreign Offshore Procedures an eligible non-willful taxpayer faces no FBAR or information-return penalties; the Domestic version charges a 5% miscellaneous offshore penalty on the highest aggregate balance of the unreported assets. Neither is available once the IRS has started a civil examination of your returns.

How to file: where, when & the two deadlines (2026)

The two forms go to two different agencies through two different systems β€” so "filing your taxes" does not file your FBAR. There's no government fee for either, but missing them is expensive.

1
Gather each foreign account's peak value
List every foreign bank/brokerage account with its institution, account number, country and highest balance during the year. Convert to USD using the Treasury year-end exchange rate (even if the peak was on another date).
2
File the FBAR on FinCEN's BSA E-Filing System
File FinCEN Form 114 electronically at bsaefiling.fincen.treas.gov β€” paper filing isn't accepted. It goes to FinCEN, NOT with your tax return. To let a preparer file for you, sign FinCEN Form 114a.
3
Attach Form 8938 to your Form 1040
If you cross your 8938 bracket, complete Form 8938 and attach it to your federal income tax return filed with the IRS. The same account often appears on both the FBAR and 8938 β€” that duplication is normal.
4
Mind the two deadlines
FBAR is due 15 April with an automatic extension to 15 October (no request needed). Form 8938 follows your return: 15 April, 15 June for Americans abroad, or 15 October with an extension. Keep your BSA confirmation β€” the retention period is set by the FBAR regulations, which are not among the sources linked below.
5
Behind? Use a catch-up program
If you missed prior years, the IRS Streamlined Filing Compliance Procedures (non-willful) or the Delinquent FBAR Submission Procedures (no unreported income) can fix it β€” but only before the IRS contacts you first.

Where & when to file

FormWhere / Deadline
FBAR (FinCEN 114)BSA E-Filing Β· 15 Apr β†’ 15 Oct auto
Form 8938 (FATCA)With Form 1040 (IRS)
Return due (US / abroad)15 Apr / 15 Jun
With extension15 Oct

There is no government filing fee for either form. The cost is the penalty risk for getting it wrong, and any professional help for back-year catch-up.

Two forms, two agencies

A costly mistake is assuming filing your tax return (with Form 8938) covers the FBAR. It does not β€” the FBAR is a separate Treasury filing through FinCEN. Many US persons with foreign accounts must file both, every year, to two different agencies.

Documents to prepare

  • Account institution, number, country and peak balance for each foreign account.
  • Treasury year-end exchange rates for USD conversion.
  • Details of foreign stock, partnership and other specified assets for Form 8938.
  • FinCEN Form 114a if a preparer files the FBAR for you.
Frequently asked questions

Q. I'm a green card holder living abroad β€” do these apply?

A. Yes. Green card holders are US persons for these purposes, wherever they live, and use the "living abroad" 8938 thresholds if they qualify.

Q. Do I report the same account on both forms?

A. Often yes β€” the same foreign bank account can appear on both the FBAR and Form 8938. They're separate filings to separate agencies, so duplication is normal.

Q. Does owing no tax mean I don't have to file?

A. No. These are information returns. You can owe zero tax and still be required to file the FBAR and/or Form 8938 β€” and still face penalties for not filing.

FBAR + Form 8938 filing checklist (save your progress)

Tick each item as you prepare it. Progress is saved in this browser β€” nothing is uploaded. This is a preparation aid, not tax advice.

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Sources and official references: FinCEN β€” Report of Foreign Bank and Financial Accounts (FBAR); IRS β€” Comparison of Form 8938 and FBAR requirements; IRS β€” Streamlined Filing Compliance Procedures; IRS β€” U.S. Taxpayers Residing in the United States (the 5% Streamlined Domestic penalty). FBAR: $10,000 aggregate threshold, due 15 April with automatic extension to 15 October; Form 8938 (FATCA) thresholds vary by filing status and residence and are filed with Form 1040. This is an independent self-assessment tool, not tax or legal advice; "US person" status, asset categorization and special account rules are fact-specific. Consult a licensed cross-border CPA or tax attorney. See also our SPT, exit tax and NRA estate tax tools.

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Disclaimer

This self-assessment estimates FBAR and Form 8938 filing thresholds for informational purposes only. It is not tax or legal advice and does not determine your actual filing obligation.

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An independent first-pass checker for the FBAR and Form 8938 β€” built to help US persons with foreign accounts see which filings apply before the penalties bite. Found an error? Use the "Report an issue" button on the right edge.

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