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Do I need to file an FBAR application if I had more than $10,000, but that was before I became a permanent resident (green card) in the USA and before I entered the USA?

I have over $10,000 in the current calendar year, but that was before I entered the U.S. and therefore became a permanent resident in the USA. When I entered the USA, I had less than $10,000 in my foreign (non-American) bank accounts, and I had more than $10,000 in cash with me at the border.
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2 Replies

Do I need to file an FBAR application if I had more than $10,000, but that was before I became a permanent resident (green card) in the USA and before I entered the USA?

I will page Champ @pk

pk
Level 15
Level 15

Do I need to file an FBAR application if I had more than $10,000, but that was before I became a permanent resident (green card) in the USA and before I entered the USA?

@waiddew-gmail-co , this is one of those cases , it is better to be prudent than correct in the law i.e. follow the law's spirit.  Even though you are not required to report the foreign bank account ( because  it was prior to your entry into the USA ), it is  probably  prudent to report the bank account as if you were a US person  from the first day of the tax year.  It costs you nothing -- not a tax event.

 

That is my view

 

Welcome to the US of A

 

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