@Nkm171964 , I could not remember our earlier discussions on the ULIP that you own -- so had to go back and find those first. Having read the earlier thread,
(a) I do not understand your reference to "Excise Tax " and therefore form 720. Please tell me how your owning ULIP based life insurance is connected to Excise tax in the USA. Form 720 is generally ( and I am not really familiar with operations of excise taxes in general ) used to report and pay taxes collected on behalf of the IRS.
(b) Form 8938 -- FATCA form -- is an information only form if you meet the threshold . It is filed along with your tax return.
(c) FBAR form 114 at FinCen.gov is an on-line filing only form and again it is required if you meet the threshold requirement ( generally due by the tax filing date without regard to any extensions ).
Here is a good comparison of FBAR and FATCA regs/ requirements --:
Comparison of Form 8938 and FBAR requirements | Internal Revenue Service
FATCA form ( 8938) is available and supported by Turbo Tax.
Please answer my questions about form 706 -- why you think you need to file one.
I will circle back once I hear from you. You can indeed PM me if you wish.
Namaste ji
