I have HK ID and I am a US citizen. I opened my HK bank account and HK life insurance by HKID.
I came back HK three years ago and work here since. I filed last three year tax return. But I never filed FBAR because account is less than 10,000 USD. But for this year, if including MPF account, the sum is over 10,000 USD.
1) Is MPF account consider as "foreign financial accounts" that need to be included into the summation of the reporting threshold ?
(if not including MPF, my sum is still lower 10,000 USD, than I do not need to report)
2) For life insurance, do I need to file 720? Do I need to report life insurance at FBAR?
3) Do I need to report MPF account to FBAR?
4) Currently I don't receive any FATCA letter, do I need to contact the bank?