Do you have assets overseas? Do those assets produce taxable income? Please consult with my firm to determine whether the Form FinCen 114 needs to be filed with the Office of Financial Crimes Enforcement Network and/or Form 8938 needs to be filed with the Internal Revenue Service. If you are required to file Form FinCen 114 and/or Form 8938, but fail to do so, the penalties can be severe. Please consult with my firm to determine how and when Forms FinCen 114 and 8938 need to be filed.