Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please enter your input in search field.

What Documents Do You Need For Filing An FBAR?

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)
    Read More
Venar Ayar

If you miss the April 15 FBAR filing deadline, you’ll receive an automatic six-month filing extension.  For delinquent FBARs from prior tax years, you should use one of the offshore disclosure methods to file your late FBARs.

FBAR Filing Requirements

FBARs are due at the same time as your tax return on April 15.  However, you don’t file your FBAR with your 1040 Form.  Instead, you must e-file it through the Financial Crimes Enforcement Network’s e-filing system.

If you miss the deadline, you’ll receive an extension until October 15.  You don’t need to request this filing extension, and you won’t be charged any penalties as long as you submit your FBAR by the extended due date.

Read More

%d bloggers like this: