How-to FBAR 2019/2020: Do you need one? And Most Common Mistakes
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Find the highest balance during the year. For example, if you have a checking account, you should skim your monthly statements to find the h
Free DOWNLOAD: This post has been updated and republished from previous years. A VIDEO with an example is available on my Facebook page. IMPORTANT: DOWNLOAD, Open, and fill the form in Adobe Acrobat Reader, even though you may be able to open the form in other programs or online. What is an "FBAR"? As I wrote HERE, the average U.S. citizen or Green card holder has two main annual requirements to report to the U.S. government. Report worldwide INCOME to the Internal Revenue Service (Article HERE) Report foreign financial ASSETS to the Financial Crimes Enforcement Network (FinCEN), a…
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