For tax purpose i was non-resident in 2019 and will become resident in 2020 for tax purpose(assuming that 183 days are completed).
I had foreign account with more than 10,000$, do i need to file FBAR this year, or i need to fill it next year.
Thanks.
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According to the IRS, you must file an FBAR if you are:
A United States person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report:
The way I read this is you do not need to file an FBAR for 2019.
Thanks for the clarification. Just to confirm my understanding, I need to file FBAR next year for FY2020 but not this year, right?
Thanks for the clarification. Just to confirm my understanding, I need to file FBAR next year for FY2020 but not this year, right?
That is correct. If you were a nonresident in 2019 you do not need to file an FBAR or Form 8938. If you are a resident in 2020, you will need to file the FBAR and Form 8938 if it applies.
Comparison of Form 8938 and FBAR Requirements
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