Most US expats need to file an FBAR (Foreign Bank Account Report) annually. The FBAR filing obligation is triggered when you have a financial interest in or signature authority over financial foreign assets with a value of $10,000 or more at any point during the year. Learn what documents you need for filing an FBAR and the filing deadlines.
Can I file FBAR myself and what documents do I need to file an FBAR?
Yes, you can prepare and file your own FBAR. In order to do so, you will need the following information:
- Name on the account, ITIN (your SSN), and address
- Account number of each account
- Name and address of the foreign financial institution where the account is held
- Type of account (Bank, Securities, Other)
- For jointly-owned accounts, you must provide the name, address and ITIN if applicable for all joint owners of the account
- Maximum value of the account (you can find it on your bank statement)
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