IRS Form 8938 (a FATCA created form) is the Statement of Specified Foreign Financial Assets in which Taxpayers are required to report their specified foreign financial assets when their value meets the obligatory reporting threshold. It has been a required form for qualifying Taxpayers since 2011. It must be attached to a Taxpayer’s Annual Tax Return when the reporting threshold is crossedhttp://www.wealthstrategiesjournal.com/stanley-i-foodman-will-optional-giin-reporting-on-form-8938-continue-to-be-optional-or-is-it-the-beginning-of-a-new-irs-cross-reference/