I called the FBAR hotline to inquire if retirement savings plans have to be reported. I wasn’t sure because I figured that such could apply to the following listed exclusions:
- Foreign financial accounts owned by an international financial institution;
- IRA owners and beneficiaries;
- Participants in and beneficiaries of tax-qualified retirement plans;
I was told that one has to report one’s pensions plans and that the tax software that I used didn’t file the form along with the other forms, even though it seemed like it did. I was also told that I couldn’t fax in the form, for whatever reason.