FBAR query dual status alien

bowlingpiccolo — Wed, 09 Feb 2022 15:59:25 GMT

Hi,

Arrived in the US on green card in mid December 2021 so will file as dual status alien.

I will be nonresident alien up to mid December, then resident alien mid December onwards.

I will file an FBAR but had two questions:

1 - to determine the maximum of financial accounts, do I calculate that over the whole of 2021 or just the period I am resident alien?

2 - do I need to declare accounts that were closed before I became resident alien?

All help appreciated.

Re: FBAR query dual status alien

MinhT1 — Wed, 09 Feb 2022 17:49:47 GMT

A FBAR is for the full calendar year.

Therefore even if you are a resident alien for only part of the year, your FBAR must cover the full calendar year.

So to determine whether the total balance of your foreign accounts exceeds $10,000, you should consider the full year and also count the accounts closed during the year.

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FBAR query dual status alien

Re: FBAR query dual status alien