The Report of Foreign Bank and Financial Accounts (FBAR), FinCEN Form 114, is filed electronically with the Financial Crimes Enforcement Network. It is separate from your income tax return.
U.S. persons generally must file when they have a financial interest in, or signature authority over, foreign financial accounts whose combined maximum value exceeded $10,000 at any time during the calendar year.
Accounts That May Be Reportable
Foreign bank checking and savings accounts
Foreign brokerage and securities accounts
Certain foreign mutual fund and pension accounts
Accounts where you hold signature authority only
Joint accounts held with family overseas
Our FBAR Services
Review of foreign bank, brokerage and financial accounts
Aggregate maximum-balance calculations and currency conversion
FinCEN Form 114 preparation and electronic filing
Signature-authority and joint-account reporting review
Review of missed or prior-year FBAR filings
Coordination with FATCA and PFIC reporting
The FBAR is generally due April 15 with an automatic extension to October 15. Reporting requirements and exceptions depend on your facts.
Frequently Asked Questions
What is an FBAR?
The Report of Foreign Bank and Financial Accounts (FinCEN Form 114) is filed with the Financial Crimes Enforcement Network, not with your tax return, to report foreign financial accounts when filing requirements are met.
Who generally needs to file an FBAR?
U.S. persons with a financial interest in, or signature authority over, foreign financial accounts whose aggregate maximum value exceeded $10,000 at any time during the calendar year generally must file. Exceptions may apply.
When is the FBAR due?
The FBAR is generally due April 15 with an automatic extension to October 15. No separate extension request is required.
What if I missed prior FBAR filings?
We review missed filings and help evaluate the appropriate correction approach. The right path depends on your facts and available IRS and FinCEN procedures.
