Forgot an account on FBAR and 8938

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Posts: 5
Joined: Mon Mar 02, 2009 5:19 pm

Forgot an account on FBAR and 8938

Post by kesrd »

Just realized that I forgot to include one of my Cdn bank accounts on my FBAR and 8938 for 2019. It is a new account that I opened in 2019 and never used - it has had a zero balance the entire time, so no income tax implications at least. How should I fix this? I’m thinking amended FBAR and amended 1040 with updated 8938? Are there penalties for this kind of mistake?
Posts: 16
Joined: Tue Jan 16, 2018 4:37 pm

Re: Forgot an account on FBAR and 8938

Post by Lrod373 »

Just file amendments.. should be fine, specially being $0
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