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Level 3
posted Dec 27, 2021 3:41:49 AM

FBAR Reporting

I filed my FBAR in April 2021.

 

Do I need to file a new/amendment FBAR as I have funds of more than $10K in my overseas account?

 

Thanks

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1 Best answer
Level 8
Jan 12, 2022 8:08:40 PM

The Report of Foreign Bank and Financial Accounts (FBAR) is an annual report.

 

If I understand your question, you filed an FBAR in April 2021 for the year ended 31 December 2020.

 

Sometime in 2021, the value of your account went over $10,000. That would be included in an FBAR filing for the 2021 year, due 15 April 2022.

 

For more info see: Report of Foreign Bank and Financial Accounts (FBAR)

1 Replies
Level 8
Jan 12, 2022 8:08:40 PM

The Report of Foreign Bank and Financial Accounts (FBAR) is an annual report.

 

If I understand your question, you filed an FBAR in April 2021 for the year ended 31 December 2020.

 

Sometime in 2021, the value of your account went over $10,000. That would be included in an FBAR filing for the 2021 year, due 15 April 2022.

 

For more info see: Report of Foreign Bank and Financial Accounts (FBAR)