There are several ways to fix an FBAR error. But some options are better than others (and some increase you chance of audit).

Late FBAR filings can be subject to a $10,000 penalty. Or, potential criminal consequences if the failure to file is intentional.

Even if your spouse isn't technically the owner of the account, the IRS still considers them to be a beneficial owner because they can access ...

One way to catch up with your payments is through the Streamlined Filing Program or the Delinquent FBAR Submission Procedures.

Spouses who own joint foreign bank accounts can file the FBAR jointly, but only if both of them only own the joint foreign account.

Don't fall victim to the top FBAR mistakes. Some are very easy to catch (and other easy to miss!)

The FBAR vs 8938 are similar, but there are some key differences. Penalties for not filing each (or both) leads to serious penalties.