Do tax payer (filing 1040) need file 114 form for Canada Retirement account RRSP?

[skyworks]

Hi,

Can any one tell if Fincen114 need for the client who has a few RRSP (retirement accounts from Canada)?

If yes, how about  the RRSP (retirement acct owned by spouse) as a beneficiary , but spouse is not filing any tax return in US. Spouse filing tax return in Canada for 2019.

Thanks!

[Rick19744]

Take a look at this link to see if it provides you with some guidance in this area.

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements