Who this is for
- US persons abroad with foreign assets over the 8938 threshold
Foreign Asset Reporting
FATCA reporting (Form 8938)
Report specified foreign financial assets on Form 8938 when thresholds are met — separate from, and in addition to, FBAR.
Overview
Why this filing matters
Report specified foreign financial assets on Form 8938 when thresholds are met — separate from, and in addition to, FBAR.
Note — >$200k in specified foreign assets (living abroad, MFJ threshold higher).
What you get
- Form 8938 preparation
- Asset classification & threshold analysis
Our approach
Built for the cross-border edge cases.
Most US-UK filings fail the same way: a treaty position that wasn’t disclosed, a foreign account that slipped under FBAR thresholds, a PFIC election filed in the wrong year, a carry-forward not tracked from one preparer to the next. The cost of any single one of those is rarely catastrophic on its own — it’s the compounding over multiple filing seasons that quietly turns a clean tax life into a six-figure remediation project.
We start every engagement by looking at the edge cases first — the elections, the disclosures, the carry-forwards, the side-effects on next year’s return — and only then turn to the routine line items. The result is a filing that reads cleanly to anyone who picks it up next: another preparer, the IRS, or a successor in your own business.
- Position memo on every meaningful election, with the reasoning written down for the next return
- Carry-forwards (FTC, capital losses, PFIC basis) tracked year-on-year so nothing expires unused
- Plain-English commentary on every position taken — the kind that makes a future audit a non-event
Our process
How we handle your fatca reporting (form 8938)
Four steps from first call to filed return. Fixed fee confirmed before any work begins.
- 01
Intake
30-minute scoping call. We confirm your situation, required filings, and send a tailored document list.
- 02
Review
We analyse your position, flag any cross-border risks, and confirm the scope and fee before any work starts.
- 03
Prepare
Draft returns and schedules are prepared with plain-English commentary on key positions for your review.
- 04
File
E-file with the IRS / FinCEN, send confirmations, and handle any follow-up notices or questions.
Pricing
Fixed fees — no surprises
Form 8938 is £150–£300 + VAT when filed with your 1040, depending on the number of accounts. Standalone valuation support for complex assets (private companies, partnership interests) is quoted separately.
FAQs
Common questions about FATCA reporting (Form 8938)
What's the 8938 threshold for expats?
$200k end-of-year / $300k any-time for single filers living abroad; $400k / $600k for married filing jointly abroad. Lower thresholds ($50k / $75k single) if you're US-resident.
How is 8938 different from FBAR?
8938 attaches to your 1040 and reports 'specified foreign financial assets' (including certain interests not on FBAR, like foreign partnership interests). Penalties and thresholds differ — you often need both.
Do I need to report my UK pension on Form 8938?
Workplace pensions and SIPPs usually yes if over threshold. UK State Pension generally no (it's not an 'account' in the technical sense). We walk through each plan at intake.
Can the IRS share 8938 data with HMRC?
Not directly via 8938, but parallel FATCA information-sharing means UK banks already report US account-holders to the IRS automatically. The data-sharing is largely one-way from the UK's perspective.
Ready to get this filed?
Tell us your situation and we'll confirm scope, a fixed fee, and the documents we need — usually within one business day.