Filing FBAR Foreign Financial Account Information for US Citizens for FINCEN 114

April 26, 2015
Basic Information on filing FBAR – FINCEN Form 114 for 2014

Notes:
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)

Simplified Instructions:
1.  Get your account information together for all foreign accounts – noting the annual
…   Want to continue reading?
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.
~ ~ ~ ~ ~ ~ ~

Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry
Read-on MacDuff . . .

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

5 Responses to Filing FBAR Foreign Financial Account Information for US Citizens for FINCEN 114

  1. Steve,
    Have you heard anything about a new regulation when selling your home? Something about obtaining a financial review form from Hacienda? Any word on this?
    Richard Bennink

  2. Joe says:

    Hi, Steve, when I did my FBAR for 2016 I noticed they’d changed the filing deadline to April 15, from June 30. https://www.fincen.gov/news/news-releases/new-due-date-fbars-0

    They also added this about the deadline for filings, this year, “The due date for FBAR filings for foreign financial accounts maintained during calendar year 2016 is April 18, 2017, consistent with the Federal income tax due date.”

    It’s just as well, because it reduces the number of deadlines we have to remember!

  3. Pingback: US Treasury Department CHANGES FBAR Filing Deadline for Expats | Surviving Yucatan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s