For those that must file (i.e. certain "US persons"), what do you think of the new, online FinCEN 114 BSA e-filing system that's replaced the old, paper-based TDF 90-22.1 forms?
http://www.irs.gov/Businesses/Small-Bus ... ounts-FBAR
No paper is needed now & the expansion function for adding pages is certainly more convenient than creating continuation pages for the fill-able pdf version of IRS Form 8938.
By the way, this link gives a comparison between the FBAR & From 8938:
http://www.irs.gov/Businesses/Compariso ... quirements
Also found out from IRS FinCEN that foreign retirement accounts, such as CPF, should be included, even though they are SG's version of Social Security. The stated basis for this is that the CPF accounts are separate and "are held in the individual's name" rather than being pooled as in defined benefit programs. Hmmm.
Was told to electronically file amended FBARs for the past 6 years (i.e. length of statute of limitations).
At least have got another year deferral on accounts one has signature authority in but no financial interest, so don't need to include the condo
management committee account this year.
Only a few more days left to submit.