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Is filing FBAR required if I inherited a Japanese foreign bank account but it is not under my name?
Is filing FBAR required if I inherited a Japanese foreign bank account but the bank account is not under my name?
Since Japan do not allow US residents to own a Japanese bank account, all the inherited money in the bank account will be cashed out to me and the bank account will be closed. The amount is over $10k. So although I inherited the money in the account, the account was never in my name. As a US citizen, would I still have to file FBAR in this case?
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‎November 17, 2023
7:49 AM