FBAR filing requirements for new immigrant

I got my green card on August 2020 and was a nonresident alien before then. My foreign account balance was over $10,000 in early 2020 while I was a nonresident alien, but it has been less than $10,000 since I immigrated became a resident. Do I still need to file an FBAR in this case?

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FBAR filing requirements for new immigrant

The FBAR looks at the full year. And you have to file a FBAR if your foreign account exceeds $10,000 at any time during the year.

As you are a US resident at the end of 2020, you'll have to file a FBAR by April 15, 2021.

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FBAR filing requirements for new immigrant

The FBAR looks at the full year. And you have to file a FBAR if your foreign account exceeds $10,000 at any time during the year.

As you are a US resident at the end of 2020, you'll have to file a FBAR by April 15, 2021.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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