I have done multiple transfers to my Indian account. The combined total of all these transfers is more than 10 grand. Should I file fbar?

posted

Connect with an expert

1 Reply

I have done multiple transfers to my Indian account. The combined total of all these transfers is more than 10 grand. Should I file fbar?

Probably. Here is a comparison of the FATCA (Form 8938) and FBAR requirements. The FBAR is not part of the tax return. It is filed separately. File FBAR through the Financial Crimes Enforcement Network.

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

Still have questions?