The FBAR is required if the aggregate value of your foreign account exceeds $10,000. In effect, if your income exceeds the $10,000 threshhold at anytime, the FBAR is required.
The FBAR is not a part of the tax return and is filed separately from your regular tax return. More information can be found here:
https://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
