You must file IRS Form 8938, Statement of Specified Foreign Financial Assets, with your income tax return if: you had $50,000 in a foreign account on the last day of the year, or. you had more than $75,000 in such an account at any point during the year.
In addition, every U.S. person (U.S. citizens, green card holders, resident aliens) is required to file FinCEN Form 114 if they are an owner, nominee, or can control the distribution of the account's funds. If the combined balance of all your foreign accounts is more than $10,000 at any point during the calendar year, you must file FinCEN Form 114.
You can file FinCEN 114 here:
Individuals Filing the Report of Foreign Bank & Financial Accounts (FBAR)
