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hope3355
New Member

Am I required to complete FATCA & form 8938 reporting?

IRS says in their site that:

I am not required to file an income tax return but I would like to file tax. Am I also required to file Form 8938?

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1 Reply
KristinaK
Employee Tax Expert

Am I required to complete FATCA & form 8938 reporting?

If you are not required to file a tax return but you choose to file it, then you still fall under the exception you mention. However, as a matter of practice and because the penalties are so bad, I would recommend filing the 8938, rather than not. 

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