Mel Whitney

An FBAR — Report of Foreign Bank and Financial Accounts, officially FinCEN Form 114 — is an annual disclosure to FinCEN listing your foreign financial accounts once their combined value passes $10,000. It isn...

If you hold money outside the US, two separate reporting rules may apply to you. ...

If you are a US person and your aggregate foreign financial account balances exceeded $10,000 at any point during the calendar year, you must file ...

...

...

The Internal Revenue Service introduced the streamlined foreign offshore procedures&...