Who must file a Form 114 FINCEN FBAR Form:
- Any United States person who had a financial interest in or signature authority over at least one financial account located outside of the United States; and
- the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.
~ The FBAR (filed on-line) must be received by the Department of Treasury on or before June 30th of the year immediately following the calendar year being reported.
~ The June 30’th filing date may not be extended.
~ We advise reading all of the instructions before starting to fill out the FBAR .PDF form, because the government software is somewhat cranky – and if you mistakenly fill out some fields, they cannot be abandoned, corrected, or deleted. (in our experience)
1. Get your account information together for all foreign accounts – noting the annual
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Full details and translations can be found in the Main Article (see Header):
Filing FBAR Foreign Financial Account Information for US Citizens for FINCEN 114 – Article
Also see our Master article on Taxes at: IRS Tax Issues for Americans Living and Working Abroad in Mexico – Master Article for more FBAR and FATCA filing information & requirements.
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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry
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