I'm up to date on my taxes but haven't filed FBARs. What should I do?

The U.S. Treasury requires that U.S. Citizens/GC Holders remain current and compliant with FBAR requirements for the last 6 years. Your options for filing will depend on whether you received unreported interest from foreign bank accounts and whether you are subject to additional reporting requirements.

1. If all interest from foreign bank accounts was reported on the original returns, file FBAR through the Delinquent FBAR Submission Procedure without amending your tax returns. Cost - $500 for 6 years of filing (up to 5 accounts per year).  
2. If interest from foreign accounts was not reflected on the tax returns, file amended returns and FBAR reports through the Streamlined Foreign Offshore Procedure. Cost - $1,400 and $300 for Streamlined Certification Letter.
3. If Form 8938 (Statement of Specified Foreign Assets) aka FATCA was required but not produced, file amended returns, FATCA, and FBAR reports through the Streamlined Foreign Offshore Procedure. Cost - $1,400 for the SP + $240 ($100 X 3 * 20% discount for multiple years) for FATCA (Form 8938) and $300 for Streamlined Certification Letter.