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Federal input screens

Screen 114 - Report of Foreign Bank Accounts (1065)

Overview

General and Filer Information

The application automatically counts the number of
FrgnAcct
 screens reporting information for FinCEN Form 114 with code
2
 or code
3
 in
Information reported for financial account
 to determine the number of accounts in which the partnership holds a financial interest. Enter a number in this field to force the number the application calculates or if there are 25 or more accounts with financial interest and you didn't enter the account information in
FrgnAcct
 screen. If there are 25 or more accounts, FinCEN Form 114, Part I, line 14a answers Yes and the total number of accounts displays.
UltraTax CS automatically counts the number of
FrgnAcct
 screens reporting information for FinCEN Form 114 with code
4
 in
Information reported for financial account
 to determine the number of accounts in which the partnership has signature authority but no financial interest. Enter a number in this field to force the number UltraTax CS calculates. If there are 25 or more accounts, UltraTax CS answers Yes to FinCEN Form 114, Part I, line 14b and enters the total number of accounts.
Enter
X
 to complete FinCEN Form 114, Part II and Part III when not required. By default, the application doesn't complete FinCEN Form 114, Part II or Part III when the filer has a financial interest in 25 or more foreign accounts.
If the maximum amount for any account is unknown, the application automatically marks FinCEN Form 114 to print and creates the electronic file. Enter
X
 to suppress FinCEN Form 114.
Enter the title of the authorized representative filing FinCEN Form 114. If you leave this field blank and the return is a partnership, the title of the authorized representative defaults to "Partner." If you leave this field blank and the return is a limited liability company, it defaults to "LLC Member."
Enter the date FinCEN Form 114 is electronically signed by the authorized representative.
Enter
1
 if FinCEN Form 114a was signed (other than using eSignature) and returned or leave this field blank if a signature is needed. The application will automatically enter
2
 (eSign sent),
3
 (eSign failed),
4
 (eSign declined), or
5
 (eSigned) based on the current process status when using eSignature. You'll still use CS Connect to retrieve updated eSignature status and documents.
The filing instructions use this information to determine what information appears in the signature section. Entry in this field automatically transfers to the
Signature Document
 field in the
Utilities
,
Electronic Filing Status
 window, and the option in the
Electronic Filing Status
 window transfers to this field.
Enter
X
 if you've already filed FinCEN Form 114. The application suppresses the creation of the electronic file. The application automatically marks this field when the FinCEN Form 114 electronic file is accepted.
Enter
X
 if the authorized representative is filing FinCEN Form 114 using the BSA E-Filing System. The application suppresses the creation of the electronic file.
Enter information in these fields to enter a foreign identification number for FinCEN Form 114, Part I, line 4. If you leave
Foreign identification of filer: Identification number
 blank, the partnership's EIN will show as the taxpayer identification number in FinCEN Form 114, Part I, line 3.

Other Information

Enter the prior report BSA identifier in this field when amending a previously filed FinCEN Form 114. This field is required when amending. This number was assigned to the return by the BSA when the original version of FinCEN Form 114 was electronically filed. The application automatically completes this field when the FinCEN Form 114 electronic file is accepted.
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