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Level 5
May 8, 2020
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Report of Foreign Bank and Financial Accounts (FBAR), FinCen Form 114 in PCO or BSA?

  • May 8, 2020
  • 1 reply
  • 16 views

Hi,

I need file FinCen 114 (client has Foreign bank investment). Not sure if I efile through PCO would be all set. 

Do I need to go to BSA website to register and file through their website?

From BSA website:

If you are an attorney, CPA, or an enrolled agent filing the FBAR on behalf of a client, you must register to Become a BSA E-Filer and file as an institution rather than an individual.

 

Confused, could any one help?

This topic has been closed for replies.
Best answer by sjrcpa

If it works like Lacerte, do the 114 first. Then when you get to 8938 you can select Use information from 114.

1 reply

sjrcpa
Level 15
May 8, 2020

If you do it through Pro Connect Online you do not need to do anything at BSA

The more I know the more I don’t know.
skyworksAuthor
Level 5
May 8, 2020

Ok, thanks.

For inputing form 114 and 8938, which form do your suggestion input first?

Do I entered info on form 114, then pulled from 8938 input screen?

 

 

 

sjrcpa
sjrcpaAnswer
Level 15
May 8, 2020

If it works like Lacerte, do the 114 first. Then when you get to 8938 you can select Use information from 114.

The more I know the more I don’t know.