2022 FBAR Exchange Rates
FBAR, or the Foreign Bank Account Report, is a financial document that must be filed annually with the Financial Crimes Enforcement Network (FinCEN) by U.S. citizens and residents who have financial interests in or signature authority over foreign financial accounts that exceed certain thresholds. The FBAR is used by the U.S. government to detect […]
5 Things to know about FBARs
Aside from the annual income tax return filing, US expats must also be aware of the FBAR filing requirement, especially if they have non-US financial accounts. Failure to file for this form could lead to serious penalties so it is important to know what needs to be done if you need to file one. We […]
