The nice government men request we tell them annually all about our foreign financial holdings. The Form 114 needs to be filed by June 30. This year you must file it electronically. Then you will receive a confirmation email from the IRS. Keep a copy for your records. The gentle penalties can be up to half of your account balance (willful fraud)!
Or Go to : http://bsaefiling.fincen.treas.gov/main.html
You will see the official site with instructions.
Click on PDF form Start now,
If you have a total of over $10,000 in financial institutions (including Credit unions, Coops, etc.) you must file by June 30 (no extensions).
The Form 114 must show the highest balance for each account during 2014.
Note: Form 114A does need to be filed.
The IRS helps number for FBAR is (866) 346-9478
Hope this helps, Gary
