Please note that if you have a foreign bank or investment account(s) that total above $50,000 on Dec 31st, or above $75,000 at any time during the year you have file form 8938 describing these accounts. If any of these are deposit accounts and they pay you interest, you have to report it on Schedule B, AND indicate it in Schedule 8938, Part III (Summary of Tax Items...), Section 1 (Foreign Deposit and ...Accounts), line 1a (Interest).
