Do I have to report on FBAR accounts that are empty (or near empty) or that were closed before I became a US resident?

[einholen]

I immigrated to the US in Fall 2017 (Green Card).

During 2017, the cumulative value of my foreign financial accounts exceeded $10,000. Before the move, I closed several accounts in my foreign country (these accounts never exceeded the $10k threshold individually). Also, I have a few very old accounts which are either empty or have amounts like $0.01. Am I required to report these accounts?

[CarolynM · Accepted solution]

Yes. 

Here is the language of when you must report:

Aggregate value of financial accounts exceeds $10,000 at any time during the calendar year. This is a cumulative balance, meaning if you have 2 accounts with a combined account balance greater than $10,000 at any one time, both accounts would have to be reported.

For more information, follow this link: FBAR requirements

[einholen]

Thank you!