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June 4, 2019
Question

Question for fbar report

  • June 4, 2019
  • 1 reply
  • 4 views
I am H1B and my wife live in china normally. So she is non-resident alien.  We are filing tax jointly.
 She has a account over $10,000 in china, should we file a fbar report ?

1 reply

June 4, 2019

Yes, if you or your wife are taxpayers (meaning she is listed on your return) with an interest in, or signature or other authority over, foreign financial accounts whose aggregate value exceeded $10,000 at any time during 2016 generally must file. 

For more on filing requirements, see Current FBAR Guidance on IRS.gov. Also see the one-hour webinar explaining the FBAR requirement.