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joect33
New Member

foreign bank account

i am a US citizen living in Australia. I have NO income yet. I am listed on a bank account here in Australia but i am not the primary person so i have no "control" over the account. Does this account meet the criteria?

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2 Replies

foreign bank account

I will page Champ @pk

pk
Level 15
Level 15

foreign bank account

@joect33 , for FBAR and FATCA purposes , as long as you signature authority ( even if you do not operate the account ),  these count and therefore you must ( as a US person either citizen or GreenCard holder ) report  these.   For FBAR  it form 114 ( at FinCen.gov )  and for FATCA ( form 8938 ) must be filed.

 

 

Does this answer your query ?   Is there more one of us can do for you ?

 

 

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