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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?
March 5, 2021
10:26 PM