FOREIGN BANK ACCOUNT REPORTING
Do you own foreign bank accounts? Let´s check if you need to file a FBAR.
Set a virtual meeting with us today.
FOREIGN BANK ACCOUNT REPORTING (FBAR)
A FBAR is an annual report that requires a US person to disclose information related to financial and accounts located outside the US when the individual or aggregate value of the foreign accounts exceed $10,000 at any time during the year.
Severe penalties may apply to US persons for late filings or no FBAR submissions at all. We can assist you in filing your annual FBAR. This report is filed separately from your federal tax return.
