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FBAR filing


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11 minutes ago, Spartan said:

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Who Must File

A U.S. person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report:

  1. a financial interest in or signature or other authority over at least one financial account located outside the United States if
  2. the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

This is correct. If any point of time during the year your account has >10k you have to file.

it pretty easy to file online. I do it every year 

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17 minutes ago, Warangalbidda said:

If you deposit more than $10k into your bank account not sending

it doesn’t need to be you depositing. It can be anyone or anything caused your bank account to have > 10k at any time of the year. Even if you withdrew the amount later in the year causing you need to file FBAR

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