Even if your foreign bank account never reached $10,000, you still have to tell the IRS about it. Russ Fox explains.
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Foreign account reporting when you are under the $10,000 FBAR limit
February 7th, 2012 by Joe Kristan
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Saw this change too. Not sure about your conclusion. What if you had too little interest to have to attach the Schedule B? Or what if the foreign account did not generate any interest to be reported on Schedule B? Do you still have to file a return in those cases just to report a foreign bank account with de minimis interest? Not sure of any of this at this point.
There has been no change. This question has been asked on the Schedule B at least back to 2008 (I’m not going to check further into the past; I happen to have a Schedule B from 2008 handy on my computer).
So somebody hasn’t been paying attention.