FBAR

You are required to file an FBAR if the aggregate value of your foreign accounts exceeds $10,000 at any time during the year. To determine the aggregate value of your foreign accounts, you must [...]

Yes, failing to properly file a complete and correct FBAR can result in a penalty. You may be subject to a civil penalty of up to $10,000 per nonwillful violation that is not due to reasonable [...]

Yes. If you are a U.S. person and you have signature authority over your employer’s accounts, you may be required to report those accounts on your FBAR. You have signature authority over an [...]

Taxpayers who have not filed a required FBAR and are not under a civil examination or a criminal investigation by the IRS, and have not already been contacted by the IRS about a delinquent FBAR, [...]

No. All FBARs are required to be filed electronically. However, if you are unable to file electronically, FinCEN has a Helpline that can be contacted for assistance. Let Sanders US Tax Services [...]

All United States persons are required to file an FBAR if you had a financial interest in or signature authority over at least one financial account located outside the United States; and the [...]

An FBAR is a Report of Foreign Bank and Financial Accounts. If you have a financial interest in or signature authority over a foreign financial (bank) account, the Bank Secrecy Act may require [...]