Do You Need to File an FBAR?
Answer these questions to determine if you need to file.
What is the FBAR?
If you are a U.S. person and the combined value of all your foreign financial accounts was more than $10,000 at any point during the year, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with FinCEN. This includes bank accounts, brokerage accounts, mutual funds, and other financial accounts held outside the United States.