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FBAR filing requirement if the account became less than $10,000 in total
I had a foreign bank account with more than $10,000, so I had filed FBAR in past years. In 2020, I transferred most of money to US, so during 2021 the foreign bank account had less than $10,000 all time. In that case, I simply do not need to file FBAR for 2021? Any documentation/reporting system to inform of it?
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March 12, 2022
6:29 PM