Account owner record FBAR e-file error

Missing Principal joint owner record referencing Form 114, Part III, lines 25-33
Missing No Financial Interest Account Owner record referencing Form 114, Part IV, 15-23
These errors occur due to data entry on the FrgnAcct screen, in the Foreign Bank and Asset folder.

Solution

  • Review the
    Information reported for financial account
    field on all units of the FrgnAcct screen. If there are any blank units of the FrgnAcct screen, delete the screen data.
  • If
    3=Part III, Owned jointly
    is selected on any unit, either select
    Account jointly owned with spouse
    if the account is owned with the spouse, or complete the fields under Parts III and IV to report the joint owner on Form 114 part III.
  • If
    4=Part IV, Authority but no financial interest
    is selected, complete the fields under Parts III and IV to report the account owner on Form 114, part IV.

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