After you file

The most common reason for this is that the assets entered do not meet the threshold for filing based on the answers to the questions in this section.  The threshold differs for taxpayers living inside of the U.S. and for those who reside outside of the U.S.  

Revisit the section to be sure you have indicated the correct answer regarding whether you live inside or outside of the U.S. and then verify that you are required to file based on the following parameters:

• Unmarried taxpayers living in the US: The total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year
   
• Married taxpayers filing a joint income tax return and living in the US: The total value of your specified foreign financial assets is more than $100,000 on the last day of the tax year or more than $150,000 at any time during the tax year
   
• Married taxpayers filing separate income tax returns and living in the US: The total value of your specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year.
   
• Taxpayers living abroad.  You are a taxpayer living abroad if:
   
  • You are a U.S. citizen whose tax home is in a foreign country and you are either a bona fide resident of a foreign country or countries for an uninterrupted period that includes the entire tax year, or
  • You are a US citizen or resident, who during a period of 12 consecutive months ending in the tax year is physically present in a foreign country or countries at least 330 days.
  
     If you are a taxpayer living abroad you must file if:
   
  • You are filing a return other than a joint return and the total value of your specified foreign assets is more than $200,000 on the last day of the tax year or more than $300,000 at any time during the year; or
  • You are filing a joint return and the value of your specified foreign asset is more than $400,000 on the last day of the tax year or more than $600,000 at any time during the year.

Frequently taxpayers residing in the U.S. will accidentally indicate that they live outside of the U.S. and then the assets are below the requirements to file so the form is not generated.

If this does not resolve your issue, please let us know and we will try to troubleshoot the issue further.  

@bmcdk