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Question
How do I read FinCEN Form 114 (FBAR) reject descriptions?
Answer
FBAR reject descriptions begin with the section of FinCEN Form 114 to which the errors apply.
There is a space following the section, then the description of the error. There is no identification of which account in the section contains the error.
The following are the sections.
Section | Form 114, Part |
---|---|
Filer Information | Part I |
Separately Owned Financial Account | Part II |
Jointly Owned Financial Account | Part III, lines 15-23 |
Principal Joint Owner | Part III, lines 25-33 |
No Financial Interest in Financial Account | Part IV, lines 15-23 |
Account Owner (No Financial Interest) | Part IV, lines 34-43 |
Related topic: 1040-US ELF: Electronic filing FAQs
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