Form 8938 Filing Deadline Missed? Here's What Happens Next

Описание: A single missed Form 8938 can trigger a $10,000 IRS penalty—and up to $50,000 if not corrected.

In this video, we break down Form 8938 (FATCA), who needs to file it, the reporting thresholds, and what happens if you get it wrong.

Many taxpayers don’t even realize they were required to file—until the IRS flags the issue.

📌 What You’ll Learn:

✔️ What Form 8938 is and how it differs from FBAR
✔️ Who is required to file (with real thresholds explained)
✔️ Types of foreign assets you must report
✔️ How the IRS detects non-compliance (FATCA reporting)
✔️ Form 8938 penalties: $10,000 → $50,000+
✔️ What to do if you missed filing

🚨 Key Risks:
$10,000 failure-to-file penalty
Additional penalties up to $50,000
40% penalty on underreported foreign income
Extended IRS audit window (statute of limitations)

If you have foreign accounts, investments, or assets—this is not something to ignore.

📞 Need Help Fixing Form 8938 Issues?

I’m Chad Silver, Tax Attorney and Founder of Silver Tax Group.

We help clients:

Resolve missed Form 8938 filings
Handle FBAR & FATCA compliance
Navigate IRS offshore disclosure programs
Defend against IRS penalties

🌐 Website: https://www.SilverTaxGroup.com
📞 Call: 855-900-1040

If you’re unsure whether you needed to file—or already missed it—get professional guidance before the IRS contacts you.

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