Electronic filing guidelines for 1065 Screens 114 and FrgnAcct

Alerts and notices

FinCEN (Financial Crimes Enforcement Network) Form 114 is filed electronically through the BSA (Bank Secrecy Act) E-Filing System. You must follow specific guidelines to avoid the BSA E-Filing System rejecting Form 114.

  • The following fields must be completed in Screen 114 in the Foreign Bank & Asset folder.
    • Signature date of authorized representative: The signature date cannot be a date in the future.
    • Foreign identification of filer: Enter data if the partnership does not have a U.S. identifying number.
    • Mexico state, if filer's address on Screen 1065 is Mexico ("MX"): Enter data if the partnership's address is in Mexico.
    • Amended or late filed form: Enter data if Form 114 is being amended or is filed late.
    • BSA identifier of previously filed report: Enter data if Form 114 is being amended. UltraTax CS automatically completes this field once the electronic file has been accepted.
  • The following fields must be completed in Screen FrgnAcct.
    • Type of account
    • Account number or other designation: UltraTax CS removes spaces and dashes when printing the form or when creating the electronic file.
    • Financial institution in which account is held: Enter the name and all applicable address fields for the financial institution. 
    • Information reported for financial account
  • When reporting information for accounts that are owned jointly, the following additional fields must be completed in Screen FrgnAcct.
    • Number of joint owners for this account 
    • Information for Principal joint owner or account owner
  • When reporting information for accounts for which the filer has authority but no financial interest, the following additional fields must be completed in Screen FrgnAcct if there are less than 25 accounts.
    • Information for Principal joint owner or account owner
    • Filer's title with this owner
  • The following entries are not allowed in any field.
    • AKA
    • NOT APPLICABLE
    • SEE ABOVE
    • COMPUTER GENERATED
    • NON CUSTOMER
    • SIGNATURE CARD
    • CUSTOMER
    • OTHER
    • UNKNOWN
    • DBA
    • SAME
    • VARIOUS
    • NONE
    • SAME AS ABOVE
    • XX


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