Thanks.

As for number 3) as I explained above, I do not have any fbar reporting requirements. So my question is purely on the penalties and interest I would owe for filing a tax return late that disclosed foreign bank account interest. So for the 2016 tax return in which I owe no money and would get a refund, would I be subject to penalties for submitting that tax return after the April 15 deadline/October 15 extension because I didn't report the foreign interest on time? For 2017, in which I owe money and am submitting the tax return a year late, what penalties and interest would I be subject on reporting the foreign bank account interest only (I already know I owe inherent on the taxes owed on filing late)

4) the foreign company gave me their equivalent of a w4 and it did not include anything except my pure wages earned, nothing about the life insurance policy. So not sure how I would report it as wages, especially as I wasn't the beneficiary.