To document your foreign bank accounts on our FBAR questionnaire, you'll be required to input the details of each foreign account that you have during the year. You need to furnish the following information:
- Name of the financial institution
- Address of the financial institution
- Account number
- Maximum value of the account during the reporting period (January to December)
Remember, you must file an FBAR if the aggregate value of your foreign financial accounts exceeds $10,000 at any time during the calendar year. If you're unsure about any aspect of the filing process, you can always reach out to your accountant or to one of our Customer Champions.
You can also find more details about FBAR filing in this article: FBAR: Requirements, Deadlines, and How to File
If you have any questions or need any support at all, you are welcome to reach out to help@greenbacktaxservices.com or start a chat on our website!