Just found out about FBAR.
I have a pension investment in India (over $10K) that involves paying yearly premium (I've paid 8 of the 20 premiums) to it. It matures in 12 years and until then I do not receive any money out of it.
Do i just file an FBAR FinCEN form with a reason for filing late as 'Did not know i had to file'?
Let me know. Thanks.