Prepare FinCEN Form 114 (FBAR) for e-file
Follow these steps to prepare FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) (formerly Form TD F 90-22.1), for electronic filing.
- Complete data entry in the114andFrgnAcctscreens (for 1041 and 990 returns, the114-2screen).noteFinCEN Form 114 can't include certain terms. Don't enter any of the following terms in the114orFrgnAcctscreens (for 1041 and 990 returns, the114-2screen).
- AKA
- NOT APPLICABLE
- SEE ABOVE
- COMPUTER GENERATED
- NON CUSTOMER
- SIGNATURE CARD
- CUSTOMER
- OTHER
- UNKNOWN
- DBA
- SAME
- VARIOUS
- NONE
- SAME AS ABOVE
- XX
- For clients who want to receive an email message upon acceptance of their electronically filed FinCEN Form 114, enter the client's email address in theContactscreen in the General folder, or inSetup,Client Communications. Do 1 of the following before you create the electronic file.
- Enter1(Return) or2(Return/Extension) in theEmail notification when electronic file is accepted by taxing agencyfield in the ELF screen in the Electronic Filing folder.
- SelectReturnorReturn/Extfrom the Email ELF Ack column in theSetup,Client Communicationsfor the client.
- SelectSetup,Client Communication, thenELF / eSign Options.
- Select an option in theAddress email fromfield in the Email settings section.
- Firm: If you selectFirm, enter a valid email address in theFirm email addressfield inSetup,Client Communications.
- Preparer: If you selectPreparer, enter a valid email address for the selected preparer inSetup,Office Configuration, thePreparerstab.
- Reviewer: If you selectReviewer, enter a valid email address for the selected reviewer inSetup,Office Configuration, theReviewerstab.
- Staff: If you selectStaff, enter a valid email address for the staff member inSetup,Office Configuration, theStafftab.
noteThe email address may indicate the sender asefileservices.net, which is the email domain used to send the email notifications. - Enter the signature date for Form 114a in theSignature date / Signature date of authorized representativefield in the114screen. Don't enter a future date for the signature date. Entering a future date will stop the creation of the electronic file with error code G37 (Date of signature is invalid).noteFinCEN Form 114a, Record of Authorization to Electronically File FBARs, is the signature authorization that the filers sign to authorize the electronic filing of FinCEN Form 114. This form is a separate authorization from Form 8879, IRS e-file Signature Authorization. Don't file this form electronically. Keep the form with your client's records.
- Check for and correct any electronic filing errors.
- Create the electronic file.
- Once the electronic file is successfully created, transmit the electronic file using CS Connect.noteFinCEN Form 114 doesn't have a perfection period for correcting rejected forms. Returns filed before the April 15 deadline and rejected, unless extended, should be updated with a reason and explanation for late filing. The explanation should include details regarding the original transmission before the rejection.
