It is common with these reports, due to the nature of the reporting, that your net worth is inflated.
The reports aren't designed (or interpreted) as a report of your net worth.
Form 3520 just tells us where the assets came from and doesn't report on the actual accounts themselves. The others very frequently inflate the assets due to transfers. For example, if I have $50,000 in my foreign savings account, and move it to checking, I have to report that $50,000 in both accounts. If I subsequently change banks and move the assets again, I could be reporting the same $50,000 three times. This is known, and expected.
Whether you efile or print and mail should be based on what is comfortable to you, knowing the limitations of each. It won't confuse the IRS or FinCEN, though, and on the off-chance they ask you anything about either form it will be simple to explain.
@Cincilla
For real property assets, unfortunately, this work around won't work as there is nowhere to report those on 8938.
@michaelcote01
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