New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

Why is the country code on Form 114 different from the country code selected in the input screen?

Answer

The Treasury Department uses a different foreign country code convention than the IRS. UltraTax CS automatically converts the country code you select on Screens 1040, 114, and FrgnAcct to the correct country code on FinCEN Form 114, Foreign Bank Account Report (FBAR) for BSA E-Filing. You can verify country codes at https://www.iso.org/obp/ui/#search/code/.

Related topic: 1040-US ELF: Electronic filing FAQs

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