Don’t Forget those FBARs (aka FinCEN 114)

FBAR stands for Foreign Bank Account Report. It must be filed by “U.S. persons” if the person has an interest in, or signatory authority over a foreign financial account, and the aggregate value of those accounts exceeds $10,000 at any time during the calendar year. An FBAR is authorized pursuant to Title 31 of the […]

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