Late FBAR's filed, mistake on one form (birth date)
Oct 22nd 2016, 10:54 pm
#1
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Thread Starter
Joined: Jan 2016
Posts: 1,168
Late FBAR's filed, mistake on one form (birth date)
Hi,
I listened to comments on here and sought CPA advice re: delinquent FBAR's. I received money from a grandparent when they passed and it tipped me over the $10,000 reporting requirement, which I did not know about at the time.
FBAR's have now been filed for 2013, 2014 and 2015, which brings me up to date. However, the CPA (although it was my fault for not noticing), made a mistake with my birthdate on the 2013 FBAR. My wife has just helped me calm down from the melt down of fear that ensued..
I know I can correct the form by unsigning the pdf, correcting, and resubmitting. Am I going to get hammered/punished for doing this? No FBAR goes above $20,000.
Thank you,
H
I listened to comments on here and sought CPA advice re: delinquent FBAR's. I received money from a grandparent when they passed and it tipped me over the $10,000 reporting requirement, which I did not know about at the time.
FBAR's have now been filed for 2013, 2014 and 2015, which brings me up to date. However, the CPA (although it was my fault for not noticing), made a mistake with my birthdate on the 2013 FBAR. My wife has just helped me calm down from the melt down of fear that ensued..
I know I can correct the form by unsigning the pdf, correcting, and resubmitting. Am I going to get hammered/punished for doing this? No FBAR goes above $20,000.
Thank you,
H
Oct 23rd 2016, 12:20 am
#2
Concierge
Joined: Apr 2001
Posts: 46,388
Re: Late FBAR's filed, mistake on one form (birth date)
No!
Oct 23rd 2016, 3:22 am
#3
Forum Regular
Joined: Apr 2016
Location: California
Posts: 233
Re: Late FBAR's filed, mistake on one form (birth date)
This is minor, nothing to worry about.
Oct 27th 2016, 6:40 pm
#4
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Re: Late FBAR's filed, mistake on one form (birth date)
Once more, thank you all. My replies have been a bit late, job interview time!
Oct 27th 2016, 7:16 pm
#5
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Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: Late FBAR's filed, mistake on one form (birth date)
I agree with others, absolutely no cause for concern. Good luck with the job hunting.
Last edited by MidAtlantic; Oct 27th 2016 at 7:21 pm.
Nov 5th 2016, 12:15 am
#6
Just Joined
Joined: Nov 2016
Posts: 18
Re: Late FBAR's filed, mistake on one form (birth date)
Thanks for sharing.
Nov 5th 2016, 8:54 pm
#7
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Joined: Jun 2010
Location: 1.2 East
Posts: 762
Re: Late FBAR's filed, mistake on one form (birth date)
Hi,
I listened to comments on here and sought CPA advice re: delinquent FBAR's. I received money from a grandparent when they passed and it tipped me over the $10,000 reporting requirement, which I did not know about at the time.
FBAR's have now been filed for 2013, 2014 and 2015, which brings me up to date. However, the CPA (although it was my fault for not noticing), made a mistake with my birthdate on the 2013 FBAR. My wife has just helped me calm down from the melt down of fear that ensued..
I know I can correct the form by unsigning the pdf, correcting, and resubmitting. Am I going to get hammered/punished for doing this? No FBAR goes above $20,000.
Thank you,
H
I listened to comments on here and sought CPA advice re: delinquent FBAR's. I received money from a grandparent when they passed and it tipped me over the $10,000 reporting requirement, which I did not know about at the time.
FBAR's have now been filed for 2013, 2014 and 2015, which brings me up to date. However, the CPA (although it was my fault for not noticing), made a mistake with my birthdate on the 2013 FBAR. My wife has just helped me calm down from the melt down of fear that ensued..
I know I can correct the form by unsigning the pdf, correcting, and resubmitting. Am I going to get hammered/punished for doing this? No FBAR goes above $20,000.
Thank you,
H
, my amounts were a little more than the numbers you quoted. I discovered my error 4 months after the filing deadline.I called FBAR 1-866-270-0733. They told me to file an amended form (the whole 11 pages or so) and no penalty would be given. They love their paperwork don’t they?
Don't worry. If I'm fined or jailed, I'll let you know.
Last edited by audio; Nov 5th 2016 at 8:58 pm.
Nov 6th 2016, 1:19 am
#8
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Joined: Jan 2016
Posts: 1,168
Re: Late FBAR's filed, mistake on one form (birth date)
I filed my 2015 FBAR with an extra zero in the amounts , my amounts were a little more than the numbers you quoted. I discovered my error 4 months after the filing deadline.
I called FBAR 1-866-270-0733. They told me to file an amended form (the whole 11 pages or so) and no penalty would be given. They love their paperwork don’t they?
Don't worry. If I'm fined or jailed, I'll let you know.
, my amounts were a little more than the numbers you quoted. I discovered my error 4 months after the filing deadline.I called FBAR 1-866-270-0733. They told me to file an amended form (the whole 11 pages or so) and no penalty would be given. They love their paperwork don’t they?
Don't worry. If I'm fined or jailed, I'll let you know.
