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muctho93
New Member

Do I need to fill out FBAR form for foreign bank assets if I am not a US citizen? I am although for tax purposes a resident

 
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1 Reply
Vanessa A
Expert Alumni

Do I need to fill out FBAR form for foreign bank assets if I am not a US citizen? I am although for tax purposes a resident

Yes, if you are a resident for tax purposes, then you are required to file a FBAR if the following apply:

  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."

 

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