I have a foreign account with less than 10k during the year. (resident for tax purposes) Do I need to report this account to the IRS or no?

[leflo22]

there is conflicting info about this. I could put this in turbo tax and get a form with 0 tax liability, but seems vaguely unnecessary. 

[KarenJ]

You must report on your tax return that you have a foreign account and answer the other questions.  You can check that you do not need to file FinCEN Form 114 but you still must tell the IRS that you have a foreign account.

These questions are located at the bottom of Schedule B.

Please see Schedule B attached.

https://www.irs.gov/pub/irs-pdf/f1040sb.pdf