Foreign account

5 replies
50 views

Hello,

I am from a foreign country and have a bank account in that country but lived in the U.S for a while, do I need to report that I have a foreign account since this is my home country?

Thanks

MinhT1

Alumni - Intuit

You only need to report a FBAR if you are a US citizen or US resident.

Nonresident aliens aren't required to file FBARs.

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BeeBee4Author

Level 2

Thank you!

pk_

Level 15

@BeeBee4 , generally agreeing with the answers from my colleagues @MinhT1 and @SusanY1 , I am unsure if you are a Resident for Tax purposes ( hence subject to FBAR and FATCA regs ) or you are still a Non-Resident Alien.

(a) which country are you from?

(b) what visa are you on?

(d) your source of income ( business / wages / teacher / student or what )?

Please answer and I will circ le back once I hear from you