MC1975
New Member

Amended return required for incorrect FBAR information

I was under the impression that I am not required to file FBAR and accordingly filled my return. Now I got the information that FBAR is required, hence plz suggest:

1. Do I need to file an amended return?
2. Is there a filing charge payable to TurboTax?
3. Is amended return applicable for State tax also? I guess not.

Plz suggest
RichardG
New Member

After you file

We recommend that you file an amended tax return to report your obligation to file an FBAR.  You'll mail in the Form 1040X along with a new Schedule B to the IRS.  There's no need to amend your state tax return.  There is no fee for preparing an amended return with TurboTax.  Please see the instructions below for preparing an amended return.  Also, keep in mind that the deadline for filing the FBAR is April 15, 2017.

https://ttlc.intuit.com/replies/5114064

Qocil
New Member

After you file

I thought the FBAR deadline is automatically subject to a 6-month extension (Oct 2017)