What is FBAR?

What is FBAR?

What is FBAR (Foreign Bank Account Reporting)? The FBAR, also known as FinCEN Report 114, is a form that all “U.S. persons” are required to file if they possess financial assets of more than US$10,000. A “U.S. person” includes, but is not limited to, U.S. citizens (no matter where they reside)...

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