Foreign Bank and Financial Accounts

This handout provides tax filing guidance for taxpayers who have financial assets in foreign countries. The information contains filing requirements and penalty information for failure to file.

HIGHLIGHTS: 

  1. Who must file.

  2. Exceptions to filing requirements.

  3. Additional requirements.

  4. Delinquent submission procedures.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers with foreign assets.

  2. International clients.

Individual Income TaxClare FazackerleyTax, Foreign Bank Accounts, Foreign Assets, Assets Abroad, International, FinCen 114, FBAR