Do I need to file FinCEN Form 114 (formerly Form TD F 90-22.1)?

A United States citizen, resident, or entity (such as a business) that has a financial interest in or signature authority over foreign financial accounts must file this form if the aggregate value of the accounts is more than $10,000 at any time during the calendar year.

The FBAR (FinCEN Report 114) can only be filed through the BSA E-filing System . See the FinCEN website  for the deadline and more information about filing this form. You may also have to file Form 3520.

If you need to report a filing requirement on Schedule B, you can enter that on the Foreign Accounts and Trusts screen.

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