FATCA Form 8938
E44092
FATCA Form 8938 is an IRS tax form used by certain U.S. taxpayers to report specified foreign financial assets under the Foreign Account Tax Compliance Act.
All labels observed (4)
| Label | Occurrences |
|---|---|
| Form 8938 | 3 |
| FATCA | 1 |
| FATCA Form 8938 canonical | 1 |
| Statement of Specified Foreign Financial Assets | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T347313 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: FATCA Form 8938 Context triple: [Foreign Bank and Financial Accounts Reports, distinctFrom, FATCA Form 8938]
-
A.
Foreign Bank and Financial Accounts Reports
Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.
-
B.
Form 941
Form 941 is a quarterly IRS tax return that employers use to report wages paid, income tax withheld, and Social Security and Medicare payroll taxes.
-
C.
Form W-2
Form W-2 is an IRS tax document that employers must provide to employees each year summarizing their wages and the taxes withheld from their pay.
-
D.
Bank Secrecy Act
The Bank Secrecy Act is a U.S. law that requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorist financing, and other financial crimes.
-
E.
Consular Report of Birth Abroad (for certain citizens born abroad)
A Consular Report of Birth Abroad is an official U.S. government document issued by a U.S. embassy or consulate that serves as proof of U.S. citizenship for eligible individuals born outside the United States.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: FATCA Form 8938 Target entity description: FATCA Form 8938 is an IRS tax form used by certain U.S. taxpayers to report specified foreign financial assets under the Foreign Account Tax Compliance Act.
-
A.
Foreign Bank and Financial Accounts Reports
Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.
-
B.
Form 941
Form 941 is a quarterly IRS tax return that employers use to report wages paid, income tax withheld, and Social Security and Medicare payroll taxes.
-
C.
Form W-2
Form W-2 is an IRS tax document that employers must provide to employees each year summarizing their wages and the taxes withheld from their pay.
-
D.
Bank Secrecy Act
The Bank Secrecy Act is a U.S. law that requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorist financing, and other financial crimes.
-
E.
Consular Report of Birth Abroad (for certain citizens born abroad)
A Consular Report of Birth Abroad is an official U.S. government document issued by a U.S. embassy or consulate that serves as proof of U.S. citizenship for eligible individuals born outside the United States.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
IRS tax form
ⓘ
information reporting form ⓘ |
| administeredBy | Internal Revenue Service ⓘ |
| attachedTo |
Form 1040
ⓘ
Form 1040-NR ⓘ
linked to:
Form 1040-NR filing
Form 1040-SR ⓘ |
| category | international tax compliance form ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| differentFrom |
FinCEN Form 114
ⓘ
linked to:
Foreign Bank and Financial Accounts Reports
|
| effectiveTaxYear | tax years beginning after March 18 2010 ⓘ |
| excludes |
foreign real estate held directly
ⓘ
foreign social security-type benefits ⓘ |
| filingAuthority | filed with the IRS ⓘ |
| filingMethod |
electronic filing with individual income tax return
ⓘ
paper filing ⓘ |
| filingRequirement | must be filed if total value of specified foreign financial assets exceeds applicable threshold ⓘ |
| firstWidelyUsedTaxYear | 2011 ⓘ |
| formNumber | 8938 ⓘ |
| hasInstructionDocument | Instructions for Form 8938 ⓘ |
| issuingAgency |
U.S. Department of the Treasury
ⓘ
linked to:
United States Department of the Treasury
|
| language | English ⓘ |
| legalBasis |
Foreign Account Tax Compliance Act
ⓘ
Internal Revenue Code section 6038D ⓘ
linked to:
Internal Revenue Code
|
| officialName |
Statement of Specified Foreign Financial Assets
ⓘ
linked to:
FATCA Form 8938
|
| penaltyForNonFiling |
$10,000 failure-to-file penalty
ⓘ
additional penalties up to $50,000 for continued failure after IRS notification ⓘ |
| penaltyForUnderstatement | 40 percent penalty on understatement of tax attributable to undisclosed foreign financial assets ⓘ |
| purpose |
to help the IRS identify unreported foreign income
ⓘ
to report specified foreign financial assets ⓘ |
| relatedTo |
FATCA
ⓘ
linked to:
FATCA Form 8938
FBAR ⓘ
linked to:
Foreign Bank and Financial Accounts Reports
|
| reports |
foreign bank accounts
ⓘ
foreign brokerage accounts ⓘ foreign life insurance or annuity contracts with cash value ⓘ foreign mutual funds ⓘ foreign retirement accounts if specified foreign financial assets ⓘ foreign-issued stocks or securities held outside a U.S. account ⓘ interests in foreign entities ⓘ |
| requiresDisclosureOf |
details of jointly owned foreign financial assets
ⓘ
maximum value of each specified foreign financial asset during the tax year ⓘ whether income was reported on the tax return ⓘ year-end value of each specified foreign financial asset ⓘ |
| requiresTaxpayerIdentification | taxpayer identification number ⓘ |
| thresholdType |
different thresholds for U.S. residents and taxpayers living abroad
ⓘ
different thresholds for single and married filing jointly taxpayers ⓘ |
| usedBy |
U.S. citizens
ⓘ
U.S. resident aliens ⓘ certain U.S. taxpayers ⓘ certain nonresident aliens who elect to be treated as resident aliens for tax purposes ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: FATCA Form 8938 Description of subject: FATCA Form 8938 is an IRS tax form used by certain U.S. taxpayers to report specified foreign financial assets under the Foreign Account Tax Compliance Act.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: FATCA Form 8938
linked to: FATCA Form 8938
linked to: FATCA Form 8938
linked to: FATCA Form 8938
subject linked to:
Schedule B
linked to: FATCA Form 8938