This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Moderator: Mark T Serbinski CA CPA
2 posts • Page 1 of 1
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?