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I have no idea what these forms are (Form 3520,Form 3520-A ,Form 5471,Form 8621,Form 8865). All I have is few bank accounts abroad - do I have to file those forms?

My foreign bank accounts generate minimal interest.  Do I have to file any of those forms separately after completing TurboTax forms?
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RichardG
New Member

I have no idea what these forms are (Form 3520,Form 3520-A ,Form 5471,Form 8621,Form 8865). All I have is few bank accounts abroad - do I have to file those forms?

The two forms you may be obligated to file are Form 8938 and FinCen 114.  The reqirement is based on the amounts (in US Dollars) held in the accounts, not the interest earned.  Please follow this link for more information.  https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

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