FBAR – Report of Foreign Bank and Financial Accounts

When is FBAR Due?

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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?
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