I didn't report my foreign account exceeding $10,000 in 2017.

I wasn't aware that it needed to be reported, but I've just realized that I had a little over $15,000 in my foreign bank account in 2017.

 

  • Am I in trouble and what's the penalty amount?

 

  • Do I amend the 2017 tax return and include the interest amount?

 

  • Or do I  just need to report it to IRS?