Foreign Bank Reporting Form 114 - FBAR/Form 8938 - no auto-propagation for foreign bank names

[joe64]

As a Tax Preparer for mostly clients living overseas, we have to waste a lot of time typing the same foreign bank info (bank name, full address, zip code and country) over and over again in Form 8938 and the FBAR section. It is very time-consuming and frustrating given the very short tax season and the April 15 deadline. There were instances where we had to type the same bank data 10x for the same client...

Why can't there be something similar as with the Payer's data on Form 1099? You only have to enter it once and if the same Payer comes up for a different client the data is entered automatically in ProSeries. 

It would make life a lot easier and save plenty of hours of precious time if this is implemented for the FBAR/Form 8938 section as well. Shouldn't be that difficult to do.

[Taxes-by-Rocky]

Hi Joe,

Most all such information carries over from year to year (in ProSeries Professional) but the forms do not self-populate from a generic (or suggested) bank listing as that would not make much sense given the specific bank (i.e., 42 branches of HSBC all in the same country, etc.)....if I correctly understand what you're asking.