FinCEN Form 114 is used to report foreign bank and financial accounts. The form generally must be filed electronically. An FBAR is due by April 15 of the year following the calendar year being ...

FBAR: Accurately answering the foreign account question on Schedule B Form 1040 is critical. It can have significant legal consequences. FBAR compliance is critical.

Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify ...