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Level 3
April 14, 2023
Question

My client has foreign bank account balance less than $10,000. Where do I input to answer "NO" to question 7a (Not required to file FinCEN 114)?

  • April 14, 2023
  • 1 reply
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1 reply

George4Tacks
Level 15
April 15, 2023

Did you check the box for Interest in or authority over foreign account? GOOD

Did you put in a country? BAD (remove the country. you only enter that when you meet the parenthetical statement

Answers are easy. Questions are hard!
Level 3
April 17, 2023

I got it!  Thank you !