FinCEN Form 114 Report of Foreign Bank and Financial Accounts

What Is FinCEN Form 114?

FinCEN Form 114, Report of Foreign Bank and Financial Accounts is a document you need to fill out if you have a financial interest in any foreign financial account or signature authority over it. The term "financial account" includes a brokerage account, bank account, trust, mutual fund, or any other foreign financial account. The FinCEN Form 114 - also known as the FBAR Form 114 - was issued by the Financial Crimes Enforcement Network (FinCEN). It was last revised in October 2013.

The report can be completed and submitted either by the owner of the account or by a third party. To authorize the third party to fill out the report or to submit the report jointly with a spouse, you need to complete the related FinCEN Form 114a, Record of Authorization to Electronically File FBARs. Keep the completed form for your records and do not send it to FinCEN unless they ask you to do so.

Download an up-to-date FinCEN Form 114 in PDF-format down below or look it up on the FinCEN website.

ADVERTISEMENT

Download FinCEN Form 114 Report of Foreign Bank and Financial Accounts

1422 times
Rate
4.5(4.5 / 5) 69 votes
WARNING: PRINTED VERSIONS OF THE BSA E-FILING FORMS ARE NOT FOR SUBMISSION
AND WILL NOT BE PROCESSED BY FINCEN.
Report of Foreign Bank and Financial Accounts
Report of Foreign Bank and Financial Accounts
Version Number: 1.0
FinCEN Form 114 OMB No. 1506-0009
Effective October 1, 2013
The deadline to file the Report of Foreign Bank and Financial Accounts (FBAR) to FinCEN
coincides with the current IRS tax season filing deadline for annual tax returns.
IMPORTANT
: After you have completed this FBAR, you must Sign the Form and Save in order to activate
the Ready to File button, which will direct you to a page where you can attach and submit your report. Click
Validate to identify missing or incorrectly formatted data at any time during preparation of this report. Click
Print to print a copy of this report for record keeping purposes.
Filing name
(e.g. SMITH FBAR 2013)
Sign the Form
If this report is being filed late,
select the reason for filing late
Release date: April 2019
This form should be used to report a financial interest in, signature authority, or other authority over one or more financial accounts in foreign countries, as required by
the Department of the Treasury Regulations 31 CFR 1010.350 . No report is required if the aggregate value of the accounts did not exceed $10,000.
PRIVACY ACT AND PAPERWORK REDUCTION ACT NOTICE
Pursuant to the requirements of Public Law 93-579 (Privacy Act of 1974), notice is hereby given that the authority to collect information on FinCEN 114 in accordance
with 5 USC 552a (e) is Public Law 91-508; 31 USC 5314; 5 USC 301; 31 CFR 1010.350. The principal purpose for collecting the information is to assure maintenance
of reports where such reports or records have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings. The information collected may
be provided to those officers and employees of any constituent unit of the Department of the Treasury who have a need for the records in the performance of their
duties. The records may be referred to any other department or agency of the United States upon the request of the head of such department or agency for use in a
criminal, tax, or regulatory investigation or proceeding. The information collected may also be provided to appropriate state, local, and foreign law enforcement and
regulatory personnel in the performance of their official duties. Disclosure of this information is mandatory. Civil and criminal penalties, including in certain
circumstances a fine of not more than $500,000 and imprisonment of not more than five years, are provided for failure to file a report, supply information, and for filing
a false or fraudulent report. Disclosure of the Social Security number is mandatory. The authority to collect is 31 CFR 1010.350 (formerly 31 CFR 103.24) . The Social
Security number will be used as a means to identify the individual who files the report. The estimated average burden associated with this collection of information is
20 minutes per respondent or record keeper, depending on individual circumstances. Comments regarding the accuracy of this burden estimate, and suggestions for
reducing the burden should be directed to the Financial Crimes Enforcement Network, P. O. Box 39, Vienna, VA 22183, Attn: Office of Regulatory Policy.
WARNING: PRINTED VERSIONS OF THE BSA E-FILING FORMS ARE NOT FOR SUBMISSION
AND WILL NOT BE PROCESSED BY FINCEN.
Report of Foreign Bank and Financial Accounts
Report of Foreign Bank and Financial Accounts
Version Number: 1.0
FinCEN Form 114 OMB No. 1506-0009
Effective October 1, 2013
The deadline to file the Report of Foreign Bank and Financial Accounts (FBAR) to FinCEN
coincides with the current IRS tax season filing deadline for annual tax returns.
IMPORTANT
: After you have completed this FBAR, you must Sign the Form and Save in order to activate
the Ready to File button, which will direct you to a page where you can attach and submit your report. Click
Validate to identify missing or incorrectly formatted data at any time during preparation of this report. Click
Print to print a copy of this report for record keeping purposes.
Filing name
(e.g. SMITH FBAR 2013)
Sign the Form
If this report is being filed late,
select the reason for filing late
Release date: April 2019
This form should be used to report a financial interest in, signature authority, or other authority over one or more financial accounts in foreign countries, as required by
the Department of the Treasury Regulations 31 CFR 1010.350 . No report is required if the aggregate value of the accounts did not exceed $10,000.
PRIVACY ACT AND PAPERWORK REDUCTION ACT NOTICE
Pursuant to the requirements of Public Law 93-579 (Privacy Act of 1974), notice is hereby given that the authority to collect information on FinCEN 114 in accordance
with 5 USC 552a (e) is Public Law 91-508; 31 USC 5314; 5 USC 301; 31 CFR 1010.350. The principal purpose for collecting the information is to assure maintenance
of reports where such reports or records have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings. The information collected may
be provided to those officers and employees of any constituent unit of the Department of the Treasury who have a need for the records in the performance of their
duties. The records may be referred to any other department or agency of the United States upon the request of the head of such department or agency for use in a
criminal, tax, or regulatory investigation or proceeding. The information collected may also be provided to appropriate state, local, and foreign law enforcement and
regulatory personnel in the performance of their official duties. Disclosure of this information is mandatory. Civil and criminal penalties, including in certain
circumstances a fine of not more than $500,000 and imprisonment of not more than five years, are provided for failure to file a report, supply information, and for filing
a false or fraudulent report. Disclosure of the Social Security number is mandatory. The authority to collect is 31 CFR 1010.350 (formerly 31 CFR 103.24) . The Social
Security number will be used as a means to identify the individual who files the report. The estimated average burden associated with this collection of information is
20 minutes per respondent or record keeper, depending on individual circumstances. Comments regarding the accuracy of this burden estimate, and suggestions for
reducing the burden should be directed to the Financial Crimes Enforcement Network, P. O. Box 39, Vienna, VA 22183, Attn: Office of Regulatory Policy.
WARNING: PRINTED VERSIONS OF THE BSA E-FILING FORMS ARE NOT FOR SUBMISSION
AND WILL NOT BE PROCESSED BY FINCEN.
Amended
1 This report is for calendar year ended 12/31
Prior Report BSA Identifier
Part I
Filer Information
2 Type of filer
3 U.S. Taxpayer Identification Number
3a TIN type
4 Foreign identification
a Type
b Number
c Country/Region of issue
5 Individual's date of birth
6 Last name or organization's name
7 First name
8 Middle name
8a Suffix
9 Address
10 City
11 State
12 ZIP/postal code
13 Country/Region
14a Does the filer have a financial interest in 25 or more financial accounts?
If "Yes" is checked do not complete Part II or Part III, but retain
Yes
Enter number of accounts
records of this information
No
14b Does the filer have signature authority over but no financial interest in 25 or more financial accounts?
If "Yes" is checked Complete Part IV items 34 through 43 for each person on
Yes
Enter number of accounts
whose behalf the filer has signature authority.
No
WARNING: PRINTED VERSIONS OF THE BSA E-FILING FORMS ARE NOT FOR SUBMISSION
AND WILL NOT BE PROCESSED BY FINCEN.
Report of Foreign Bank and Financial Accounts
Part II
Information on Financial Account(s) Owned Separately
of
1
1
15 Maximum account value
15a Maximum account value unknown
16 Type of account
17 Financial institution name
18 Account number or other
designation
19 Address
20 City
21 State
23 Country/
22 Foreign postal code
Region
WARNING: PRINTED VERSIONS OF THE BSA E-FILING FORMS ARE NOT FOR SUBMISSION
AND WILL NOT BE PROCESSED BY FINCEN.
Report of Foreign Bank and Financial Accounts
Part III
Information on Financial Account(s) Owned Jointly
1
of
1
Account Information
15a Maximum account value unknown
15 Maximum account value
16 Type of account
17 Financial institution name
18 Account number or other
designation
19 Address
20 City
21 State
23 Country/
22 Foreign postal code
Region
24 Number of joint owners
Principal Joint Owner Information
if entity
25 a TIN type
25 Taxpayer Identification Number (TIN)
26 Last name or organization name
27 First name
28 Middle name
28a Suffix
29 Address
30 City
31 State
33 Country/
32 ZIP/postal code
Region
WARNING: PRINTED VERSIONS OF THE BSA E-FILING FORMS ARE NOT FOR SUBMISSION
AND WILL NOT BE PROCESSED BY FINCEN.
Report of Foreign Bank and Financial Accounts
Part IV
Information on Financial Account(s) Where Filer has Signature or Other Authority
but No financial Interest in the Account(s)
of
1
1
Account Information
15a Maximum account value unknown
15 Maximum account value
16 Type of account
17 Financial institution name
18 Account number or other
designation
19 Address
20 City
21 State
23 Country/
22 Foreign postal code
Region
Owner Information
if entity
34 Last name or organization name
35 a TIN type
35 Taxpayer Identification Number (TIN)
36 First name
37 Middle name
37a Suffix
38 Address
39 City
40 State/territory/province
41 ZIP/postal code
42 Country/Region
43 Filer's title with this owner
ADVERTISEMENT

When Is Form FinCEN 114 Due?

According to the FinCEN Form 114 requirements, the report must be filled out every year. The new due date is April 15, 2019. It was changed in order to concur with the federal income tax filing season. If you were not able to meet the filing deadline, the FinCEN grants you with an automatic six-month extension. Therefore, the FinCEN 114 due date will be extended to October 15 and you do not have to make any specific request for this extension.

Report of Foreign Bank and Financial Accounts Instructions

The general Report of Foreign Bank and Financial Accounts (FBAR) instructions are as follows:

  1. The FBAR must be filled out by a United State person that has a financial interest in a foreign financial account or a financial authority over them. The aggravated value of the accounts has to exceed $10,000 at any time during the calendar year;
  2. United States person includes not just U.S. citizens and residents, but also entities (e.g., partnerships, corporations, or limited liability companies);
  3. The child's account is generally reported by the child. However, if the child is not able to complete the FinCEN 114 Form, it must be done by the parent, guardian, or any other legally responsible person. In this case, Item 45 should contain the phrase "Parent/Guardian filing for a child";
  4. If the spouses have a jointly owned accounts, only one of them can file the report if they have completed and signed Form 114a, all the reported accounts are jointly owned, and the filing spouse timely files the electronically signed FBAR;
  5. Keep the records that contain the number or another designation of the account, name in which the account is opened, type of account, name, and address of the foreign institution that maintains the account, and the maximum account value during the reporting period;
  6. Retain all the records for 5 years from the date you have filed the FinCEN 114 Form and be ready to provide them for inspection upon request;
  7. The form consists of 59 items. However, only the items marked with an asterisk (*) are required;
  8. To file the report for an institution, you must first register for a User ID and password. The individuals can file the FinCEN Form 114 without prior registration;
  9. Provide as much information as possible in every report you file;
  10. Give a unique name for every report you file;
  11. If you need to change any information in your report, submit a new FBAR and check the box Amend in Item 1;
  12. Both the phone numbers and the identifying numbers must be entered as a single number string. No spaces, parentheses, or hyphens are allowed;
  13. Reporting the maximum account value, round it up to the next whole dollar;
  14. If you fail to file the form properly, you may be subjected to a fine up to $10,000 per violation. If you fail to report due to a valid reason and the balance in the account is reported properly, you will be exempted from a penalty. If you willfully fail to report an account, you may be subjected to a fine greater than $100,000 or 50% of the account balance at the time of the violation. In some cases, willful violations lead to criminal penalties.

How to File FinCEN Form 114?

The FinCEN Report 114 must be filled out electronically and submitted through the FinCEN's BSA E-Filing System. Though the due date for this form coincides with the federal tax return filing season, these two documents are not filed together. If the Internal Revenue Service extends filing deadlines for a taxpayer's income tax return, it has no consequences for the filing deadlines of the form.

Video Instructions for FinCEN Form 114

Fill PDF online
Page of 7