fyllyoTax Forms
Form 8938
Statement of Specified Foreign Financial Assets
Fyllyo uses local AI to interpret your documents, calculate required answers and fill PDF forms. Review the answers and their sources before saving, without uploading client documents.
A simpler way to prepare a PDF.
Pick a form
Choose a built-in template or set up your own blank fillable PDF once.
Add client documents
Drop in PDFs, scans, photos, Word files or typed notes. The AI reads them on your computer.
Review and save
Check the source lines, confirm key facts and edit the PDF. Uncertain values stay blank and flagged.
Form reference
Before you begin.
Use these notes as a starting point. Check the issuing agency’s current form and instructions for your client’s situation.
Open the source PDFFyllyo helps prepare PDFs. It doesn’t provide legal or tax advice, determine eligibility, or file forms for you.
Step 1: Gather Required Documents
Before you start, ensure you have all necessary documents related to your foreign financial assets. This includes account statements, asset valuations, and any documentation needed to determine your filer status. Having everything ready will streamline the process and ensure accurate reporting.
Details worth checking
Accurate Tax Year Entry
Entering the wrong tax year can result in filing errors and potential penalties. It's crucial to select the correct tax year to ensure your form aligns with your IRS tax filings.
Complete Taxpayer Information
Missing or incorrect taxpayer information, like name or TIN, can delay processing or lead to form rejection. Accurate identification is essential for proper IRS record-keeping.
Correct Filer Status Identification
Misidentifying your filer status can lead to incorrect form completion and potential penalties. It's vital to determine whether you are a specified individual or domestic entity.
Specified Domestic Entity Details
Failing to provide required details for specified domestic entities can cause processing issues. Complete and accurate entries are necessary for proper IRS assessment.
Comprehensive Foreign Account Reporting
Omitting or inaccurately reporting foreign accounts can lead to significant penalties. Accurate account details are crucial for IRS compliance.
Foreign Asset Summary Verification
Incomplete or incorrect reporting of foreign assets can result in discrepancies and penalties. Correct asset valuation and location reporting are essential.
Set up your own form once.
Fyllyo’s cloud service prepares a reusable template from your blank fillable PDF and setup instructions. No API key is required. Client documents stay on your computer, and subsequent filling runs locally. Check the first few filled forms carefully.
Mac with M1 or later · 16 GB memory recommended · About 8 GB free disk space