For All of You US Citizens Living Abroad – It’s FBAR Time Again

Who Must File an FBAR

United States persons are required to file an FBAR if:

  1. 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
  2. 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:

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar

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…

fbar

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