FBAR – Foreign Bank Account report.
A “U.S. person” is required to file an FBAR if the aggregate maximum value of all foreign financial accounts exceeds $10,000 at any time during the calendar year reported. What to Report ? Reportable accounts include, but are not limited to: Deadline: The FBAR is due by April 15 of the year following the calendar year being reported, to coincide with the […]