Who must file the FBAR?

Who must file the FBAR?

You are required to file the FBAR for a calendar year if (i) you are a U.S. person and (ii) during such calendar year you had a financial interest in or signature authority over one or more foreign financial accounts with an aggregate maximum account value in excess of $10,000.

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    • What information do I need to file the FBAR?

      You only need the following information for each account:  (i) the account number, (ii) the name and address of the non-U.S. financial institution where the account is maintained, and (iii) the maximum value of the account during the relevant year. ...

    • Can I just file my FBAR with my U.S. tax return?

      Technically, the FBAR is filed electronically using a completely separate e-filing system than that used for U.S. tax returns. So it needs to be efiled separately also the deadline is June 30th.

    • I was required to file an FBAR for a past year but did not do so—what should I do?

      To avoid the hefty penalties we just discussed it is best to regularize your FBAR filing at the earliest. So if you were required to file for past years you should do that ASAP, better late than never.  

    • When is my FBAR due?

      The new deadline for FBAR in 2017 is April 18, 2017.

    • 2015 E-File Dates

      January 30 - 1st day to e-file                  - 1st IRS acknowledgements of e-filed returns April 15 - Last day to e-file timely returns             - Last day to e-file timely extension requests April 20 - Last day to re-transmit rejected timely ...