Tax Cooler Services

FBAR/FATCA Reporting

The Foreign Bank Account Report (FBAR) is a required filing for residents of America who have more than $10,000 in foreign bank accounts at any time during the year.

The FBAR (FinCEN Form 114) must be filed online and requires you to provide the following information for each foreign account you are reporting:

✡ Account number
✡ Name on the account
✡ Type of account
✡ Name and address of the foreign financial institution where the account is held
✡ Maximum value of the account during the relevant tax year