Tag Archive: Foreign Bank Accounts

What's New in Taxes: Don't overlook FBAR requirement

Written by May 28, 2014

If you hold foreign bank or financial accounts and the total value of your account exceeds $10,000 at any time during the calendar year, you may be required to file a Treasury Department report known as the FBAR. It’s easy to overlook this requirement because it’s separate from your federal income tax filing, with a different deadline and strict rules....

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