Expat Community > Ecuador

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hammock12
Joined 2009
Posts: 28

FBAR Report

14 years ago

There was a post a while ago about the FBAR reporting requirement to the IRS on this or a similar forum. I searched but couldn't find it so I will just do a new topic post on it.
The original post talked about the fact that, as a US citizen, you are required to file a yearly report if you have $10,000 or more in foreign bank accounts. Someone said that to avoid that, he keeps no more than $9,000 per account but has multiple accounts. I thought this was a good idea going forward to not have to file, but as
I am currently late-filing mine, the instructions clearly say if the
AGGREGATE value of these financial accounts exceeds $10,000
at any time during the calendar year then you must file. Cheers, Joe and Nancy now in Salinas

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Expat Community > Ecuador

FBAR Report

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