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 theInformation reported for financial accountfield on all units of the FrgnAcct screen. If there are any blank units of the FrgnAcct screen, delete the screen data.
- If3=Part III, Owned jointlyis selected on any unit, either selectAccount jointly owned with spouseif 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.
- If4=Part IV, Authority but no financial interestis selected, complete the fields under Parts III and IV to report the account owner on Form 114, part IV.
