I have only 1 foreign bank account having a balance of less than $1000.
I read on this forum that FBAR is required only of foreign account(s) have a total of over $10000.
But I see the form 1040 has this section:
Q1) So here do I say Yes or No ?
If I say 'Yes' here, do I file FBAR ?
Q2) Is there any difference between FBAR and FinCEN Form 114 ?
Q3) Am I required to file 8938 (FACTA) ?
