FBAR for fun and and protection?
The nice government men request we tell them annually all about our foreign financial holdings. The Form 114 needs to be filed by June 30. This year you must file it electronically. Then you will receive a confirmation email from the IRS. Keep a copy for your records. The gentle penalties can be up to half of your account balance (willful fraud)!
The nice government men request we tell them annually all about our foreign financial holdings. The Form 114 needs to be filed by June 30. This year you must file it electronically. Then you will receive a confirmation email from the IRS. Keep a copy for your records. The gentle penalties can be up to half of your account balance (willful fraud)!
Go to : http://bsaefiling.fincen.treas.gov/main.html
You will see the official site with instructions.
Click on PDF form "Start now",
If at any time during the year you have a total of over $10,000 in financial institutions (including Banks, Credit unions, Coops, etc.) you must file by June 30 (no extensions). Over $150,000 (joint return) requires a different form.
The Form 114 must show the highest balance for each account during 2015.
Note: Form 114A does need to be filed.
FinCEN form 114 (866) 270-0733
The IRS helps number for FBAR is (866) 346-9478
