FBAR Report for American Citizens

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parrot
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FBAR Report for American Citizens

Post by parrot » February 10, 2020, 4:33 pm

Filing for 2019 is due NLT 15 Apr 2020.

Use this link for free online filing
https://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

DO NOT use this link unless you want to pay $195 for the same report
https://www.efilefbar.org/?gclid=Cj0KCQ ... zzEALw_wcB



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Charlieb
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Re: FBAR Report for American Citizens

Post by Charlieb » February 10, 2020, 5:09 pm

Did mine on-line already. Easy as pie.

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mak
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Re: FBAR Report for American Citizens

Post by mak » February 12, 2020, 3:01 pm

Thanks. Good info.

LoneTraveler
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Re: FBAR Report for American Citizens

Post by LoneTraveler » February 14, 2020, 9:27 am

Charlieb wrote:
February 10, 2020, 5:09 pm
Did mine on-line already. Easy as pie.
Hello, I am trying to determine if I need to file FBAR Report. I read all the information on-line and still not sure. I am not working in Thailand all income in a Thai bank account comes from Direct Deposit of Social Security and other pension benefits in the US. The only reason for funds in Thai account in excess of $10000 is because of the annual requirement for Visa extension. I am trying to reach the the FBAR hotline phone number for expats to get accurate information.

Also, it was stated that if the account is in a International Bank, which Bangkok Bank is; then one does not need to file.

I look forward to those who have had to file and for what reason.

Thank you in advance.

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Udon Map
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Re: FBAR Report for American Citizens

Post by Udon Map » February 14, 2020, 10:20 am

LoneTraveler wrote:
February 14, 2020, 9:27 am
Hello, I am trying to determine if I need to file FBAR Report.
The reason you have the money in the account is irrelevant. Here's the rule, from the IRS:
A United States person must file an FBAR if that person has a financial interest in or signature authority over any
financial account(s) outside of the United States and the aggregate maximum value of the account(s) exceeds
$10,000 at any time
during the calendar year.
https://www.irs.gov/pub/irs-utl/irsfbar ... eguide.pdf

minimiglia
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Re: FBAR Report for American Citizens

Post by minimiglia » February 14, 2020, 11:11 am

Ha Ha so much for the land of the free??????

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