PattiF,
I stand corrected. The situation I dealt with did have foreign interest and dividend income plus Spanish imputed rental income on an idle second home.
Correct me if I'm wrong, but I would, though, think there is still a need to file delinquent FBAR's assuming the shares were held in some financial account in Norway whether or not touched. These taxpayers would know if that were the case. The start year would presumably be 2019, the year the wife became a US resident unless she was treated as a resident via joint US filing (IRS Pub 519) prior to that.
According to
https://www.irs.gov/individuals/international-taxpayers/delinquent-fbar-submission-procedures
the IRS does not impose penalties for delinquent FBAR filings in the case of these taxpayers because there was no unreported income prior to 2022 and they had no need to file 8939s.
