Forgot an account on FBAR and 8938
Moderator: Mark T Serbinski CA CPA
Forgot an account on FBAR and 8938
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?
Re: Forgot an account on FBAR and 8938
Just file amendments.. should be fine, specially being $0