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D.j. DuLongRepostFacebook9
Oct 4

Americans living abroad - the FBAR is due October 15

If you're not familiar with it, pay special attention to the part at 12:25 in the video, 'Calculating the High Water Mark in Your Accounts.' If the high water marks of your foreign accounts add up to more than $10,000, you must file the FBAR. It's not as intuitive as you'd think.

Reactions20 of 26 original comments
FUBAR jokesMultiple accountsWhat to reportDeadline and filingNever heard of itCursing the IRS
FUBAR jokes
Jeff Carpenter5

So the government wants to FUBAR us (screw us up completely)

Multiple accounts
Lee Yew4

It's risky to keep large amounts in any Philippine bank.

What to report
Bernz Manto1

What if my bank doesn't know I'm a 'US person'?

Deadline and filing
Kevin Parent0

It's due April 15 of the following year.

Never heard of it
Gene Gartman Jr.1

Really helpful, thank you. I'd been worried about this.

Cursing the IRS
Dewey Augustson0

The IRS can //expletive deleted//

0

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