FBAR – Report of Foreign Bank and Financial Accounts

What is FBAR Filing?

No comments

FBAR filing is an important requirement for individuals who reside in the US. Whether the individual is a US resident or an alien resident, FBAR filing is mandatory when certain conditions are met. While filing the report in necessary, many people don’t know what is FBAR filing.

In this article, we will explain what is FBAR filing, how to file the report, and who should submit the report.

If you …

Robert AcevedoWhat is FBAR Filing?
read more

Who Should File FBAR?

No comments

Foreign Bank and Financial Accounts Report (FBAR) is an important requirement that must be fulfilled by US citizens and aliens. However, not many people know who should file FBAR. The reason is that the rules are not so clear-cut when it comes to filing an FBAR.

In this article, we will inform what is FBAR, the deadline for filing FBAR, and also who should file FBAR.

If you need help …

Robert AcevedoWho Should File FBAR?
read more

Who Has to File FBAR?

No comments

More of US citizens today are either living abroad or have businesses in other countries. The number of foreign accounts held by US citizens outside the US is also increasing every single passing day as they continue to grow their businesses. The foreign accounts may be kept for banking, pension or investment purpose. However, as a law abiding citizen of the US, one needs to report their foreign accounts to …

Robert AcevedoWho Has to File FBAR?
read more

When is FBAR Due?

No comments

Nowadays, for a US taxpayer to have a bank account or investment in another country is quite commonplace. Unfortunately, keeping your money tucked away in a foreign account somewhere does not mean you get to skip informing the authorities – in this case, the US Treasury Department. You may have heard of the need to file an FBAR, which stands for, “Foreign Bank Account Report”. As the name implies, all …

Robert AcevedoWhen is FBAR Due?
read more