A Report of Foreign Bank and Financial Accounts must be filed by U.S citizens with financial interests in or authority over ...

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA reporting of foreign income and assets.

Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify ...

Often, these plans require a litany of various U.S. reporting forms, including the FBAR, IRS Form 8938, IRS Form 3520, and IRS Form 3520-A. Which form applies, if at all, is not always clear.

Any United States person/taxpayer with a financial interest in or signatory authority over foreign financial investments or accounts must file an FBAR each year with the IRS if the value of the ...