Is Bank of Guam a foreign bank?

[acamacho1996]

Guam is a U.S. Possession

[FrankF1]

For purposes of whether a bank is considered foreign, the following locations are considered part of the United States:

United States, including the District of Columbia;

United States territories and possessions, such as:

• Commonwealth Northern Mariana Islands
• American Samoa
• Guam
• Commonwealth of Puerto Rico
• United States Virgin Islands
• Trust Territories of the Pacific Islands

More information is available from the IRS at https://www.irs.gov/pub/irs-utl/IRS_FBAR_Reference_Guide.pdf

Read more about foreign source income at https://ttlc.intuit.com/questions/1900813-report-of-foreign-bank-and-financial-accounts-on-form-td-f...