The latest release letter (Ver 34.0115) say:
New E-file Offerings available in Tax Year 2013:
• FBAR (Foreign Bank Account Report FinCEN 114):COMING IN APRIL
How exactly will this work? We are a Canadian firm who mainly service US citizens/taxpayers resident in Canada. We are not able to register with the IRS for e-file because none of the partners are US citizens or have SSN's.
The FinCEN 114 needs of course to be e-filed over the BSA system (which we are able to do), BUT this means entering the foreign account data twice - once into Lacerte for Form 8938/8891 purposes, and once more onto the PDF form that is submitted through BSA efile. It would be nice to only have to do this once.
Will we be able to file the FinCEN 114 through Lacerte to the BSA system without being registered with the IRS for efile??