Treasury issued final regulations and removed temporary regulations regarding the reporting of specified foreign financial assets under Section 6038D of the Internal Revenue Code of 1986.  The final regulations provide guidance for reporting foreign financial assets on Form 8938, and generally follow the temporary regulations. The final regulations specifically exclude from the reporting requirements dual resident taxpayers who determine their US tax liability as if they were nonresident aliens and claim treaty benefits as nonresidents of the United States.  The final regulations also clarify the reporting requirements for nonvested property, assets held by a disregarded entity, jointly owned assets, and certain retirement accounts.