Yes you should check initial and if you don’t expect to file in the future then you can also check final. If you have to file again in the future, don’t worry about what you checked in 2022. What’s most important is that you file this form.
Yes put the #1 next to 3520. This is an entry on Form 8938 (which is a form filed with your 1040). You are letting the IRS know that you have filed Form 3520.
please note that any tax forms related to foreign activity is essential to file, as the IRS imposes very large penalties for not filing. Always better to over report when it comes to foreign activity. When in doubt, File.
