Who Must File an FBAR
United States persons are required to file an FBAR if:
- The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and
- The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.
For the full details and to use the IRS’s free on-line submission form……Go to:
PS just so you know one on-line service charges $150 to use their service and submit the FBAR. So using the above IRS site saves you $150…