FBAR Filing Questions
Frequently asked questions
FBAR Filing Questions
Who generally must file an FBAR?
A U.S. person generally must file when the aggregate maximum value of reportable foreign financial accounts exceeds the applicable threshold during the calendar year.
Is the FBAR filed with the income tax return?
No. The FBAR is filed electronically with FinCEN and is separate from the federal income tax return.
Does the fixed fee cover late FBARs?
No. The listed fixed fee covers a timely, straightforward filing. Late filings and reasonable-cause work require separate review.