Andrewpo
Level 2

It’s such an important question that Intuit should light it up as an exile error than needs to be answered. Failure to report a foreign bank account is serious, especially if Form 114 or 8938 is required. For what we pay you would think the software tax guys would at least link a form 114 or 8938 to schedule B. I noticed it when I got a client who’s accountant filed FBARs but no Schedule B. I checked and saw ProSeries does not match the Foreign Bank Account Report to Schedule B. That’s an incomplete return subject to penalty 

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