The FBAR is not a tax return, but an informational report filed with the U.S. Department of Treasury stating that the person filing has a financial interest in, or signatory authority over, financial accounts in a foreign country with an aggregate value exceeding $10,000 at any time during the taxable year. Only U.S. persons are required to file the FBAR.
There are also numerous exceptions to the FBAR filing requirements which include:
The FBAR filing form and general instructions can be found on the IRS website. You may not request an extension for filing the FBAR. The FBAR is an annual report and must be received on or before June 30th by the Department of Treasury.
Contact my office or call 800.681.1295 to schedule a reduced rate initial consultation to discuss your FBAR and voluntary disclosure concerns and how I can be of assistance. When you call, you will speak directly to me, not a paralegal or assistant, to get the experienced answers you need.