DianeW777
Expert Alumni

Get your taxes done using TurboTax

Let me see if this link will work for you when requesting assistance for Canada.  TurboTax Community Canada

 

The FBAR filing requirements are listed below: The site may not be quite ready yet to accept files just yet. Due date is April 15th.

Who must file

A U.S. person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report:

  1. a financial interest in or signature or other authority over at least one financial account located outside the United States if
  2. the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

Generally, an account at a financial institution located outside the United States is a foreign financial account. Whether the account produced taxable income has no effect on whether the account is a foreign financial account for FBAR purposes.

 

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