A “foreign country” includes all geographical areas outside the United States, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, and the territories and possessions of the United States (including Guam, American Samoa, and the United States Virgin Islands).

A “financial account” includes any bank, securities, securities derivatives or other financial instruments accounts. The term includes any savings, demand, checking, deposit, or any other account maintained with a financial institution.

Fincen Form 114 earlier know as Form TDF 90-22.1

For tax year 2023 the FBARs will be due on April 15, 2024. 6 months Extension can be requested.

Filing FBAR and FACTA Reports can be challenging and land on the wrong side of the law if not done correctly. Contact our expert team for guidance to ensure you file the reports correctly.

Our experienced team of Tax Pros, EAs, and CPAs can handle your tax situations so you have peace of mind while trusting them to do your taxes.