What is an FBAR?

FBAR stands for ‘Foreign Bank Account Report’, a reporting requirement for Americans who have a total of over $10,000 in foreign financial accounts at any time during a year.

FBAR News

Foreign financial accounts include most kinds of bank and investment accounts. Americans who qualify have to report their accounts by filing FinCEN Form 114 online. Find out more here.

Should Expats Report a Mortgage Account in an FBAR?

expat reporting mortgage in fbar

Americans living abroad are required to file US taxes, reporting their worldwide income.   To avoid paying any US taxes when they file, expats can claim one or more exemptions that the IRS has made available. There are also additional reporting requirements for US expats, notably reporting their foreign financial accounts annually by filing a […]

US Taxes for Expats – FBAR Filing Deadline 2019

expat fbar filing deadline 2019

All American citizens and green card holders, including expats, are required to file an annual federal tax return, reporting their worldwide income. Filing a US tax return from abroad as an expat is typically more complex than filing in the US though due to additional filing requirements. For example, the majority of expats can avoid […]

What All US Expats Need to Know About Paul Manafort and FBAR

paul manafort tax expat

With President Trump’s former campaign manager Paul Manafort having been found guilty this week of eight out of the eighteen charges that he faced, the acronym FBAR has been in the news again. An FBAR (Foreign Bank Account Report) is an important reporting requirement for Americans with overseas financial accounts, including millions of expats, many […]

Taxes for US Expats – How to File an FBAR (FinCEN Form 114)

expat filing fbar

American citizens and green card holders are required to continue filing US taxes, reporting their worldwide income, after they relocate abroad. This is because the US taxes based on citizenship, rather than on residence like most other countries.   When they file, expats can claim one or more exemptions such as the Foreign Tax Credit […]

Taxes for US Expats – 2018 FBAR Filing Dates and Guidance

expat fbar date 2018

All American citizens and green card holders whose annual income exceeds $10,000, or just $400 of self-employment income, are required to file a US tax return every year reporting their worldwide income. Unlike most other countries, the US tax system doesn’t recognize Americans who live abroad as being any different to those who live stateside, […]