<prompt> Human: Back story: born in US but grew up in Hong Kong, so US Citizen and HK Permanent Resident. In 2011, HK government had Scheme 6000 which was a tax rebate to HK PRs.I returned to the US for college and didnt start making money until 2015, filed taxes for both 2015 and 2016. Totally forgot about the 700USD HK bank account and did not disclose it in my tax return.Question: What do I need to do to correct this mistake? I checked the Form 1040x but doesnt seem to cover Schedule B Interest and Ordinary Divident Part III Foreign accounts and trust  <response>: FATCA needs 50k to be reported. You are wayy below that. Dont bother. You wont even need to report under FBAR which needs 10k to be reported. 