AmyC
Expert Alumni

Deductions & credits

Yes. If just one day was over the amount, the IRS wants the form. The IRS did an entire presentation last summer over this requirement. Here is a comparison of the FATCA (Form 8938) and FBAR requirements to make sure you stay in compliance.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"