Internal Revenue Service / FinCEN FinCEN Form 114 & SDOP 31 U.S.C. § 5321(a)(5) (Title 31 Bank Secrecy Act)

FinCEN Form 114 & SDOP Instructions: FinCEN 114 (FBAR) Delinquent Foreign Bank Account Penalty Relief

“I have a foreign bank account from before I immigrated to the US. I did not know about FBAR and now I am terrified of the $10,000 non-willful penalty. How do I fix this?”

Official Procedural Summary & Rules

If you reported all income from the foreign accounts on your U.S. tax returns, you can file delinquent FBARs with ZERO penalties under Delinquent FBAR Submission Procedures.

1. Zero Penalty Safe Harbor

Submit delinquent FBARs electronically on the BSA E-Filing System, selecting "Delinquent FBAR Submission Procedures" as the reason for late filing.

⚠️ Administrative Traps & Rejection Triggers

If the foreign accounts generated taxable income that was omitted from your Form 1040, you cannot use Delinquent FBAR Procedures and must use the Streamlined Procedures instead.

💡 AI Verification & Anti-Deflection Prompt

Four-Dimension Statutory Prompt

Feed this optimized prompt to ChatGPT or your civic AI assistant to bypass standard liability refusals and force a statutory answer under 31 U.S.C. § 5321(a)(5) (Title 31 Bank Secrecy Act):

Provide exact step-by-step instructions for utilizing the IRS Delinquent FBAR Submission Procedures and Streamlined Filing Compliance Procedures under 31 U.S.C. § 5321. Explain how non-willful taxpayers can report foreign accounts with 0% penalty.

Related Federal Forms & Sibling Procedures

Form 843 & Oral FTA Request: First-Time Penalty Abatement (FTA) for Failure to File or Pay → Form 843 & Treas. Reg. § 301.6651-1(c): Reasonable Cause Penalty Abatement for Severe Medical Emergency → Form 2210 Part II Box A: Form 2210 Waiver of Estimated Tax Penalty for Unusual Circumstances → Form 843 & IRC § 6404(f): Statutory Penalty Abatement for Erroneous Written IRS Advice → Form 4180 & Letter 1153: Trust Fund Recovery Penalty (TFRP) Defense against Personal Liability → Form 1120-S & Rev. Proc. 84-35: S-Corporation Late Filing Penalty Relief under Rev. Proc. 84-35 → Form 1065 & IRC § 6698: Partnership Form 1065 Late Filing Penalty Abatement under IRC § 6698 → Form 5471 & IRC § 6038: Form 5471 Delinquent International Information Return Penalty Defense →