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Ph:510-825-7563

www.sanjivcpa.com. Ph:510-825-7563. FBAR. Financial Bank Account Reporting. Who Must File FBAR ? Any United States person who has a financial interest in foreign country and Aggregate value of these accounts exceeds $10,000 any time during calender year. This also include businesses

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Ph:510-825-7563

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  1. www.sanjivcpa.com Ph:510-825-7563

  2. FBAR Financial Bank Account Reporting • Who Must File FBAR ? • Any United States person who has a financial interest in foreign country and • Aggregate value of these accounts exceeds $10,000 any time during calender year. • This also include businesses • Individual Companies or Corp. With accounts in foreign countries also need to file FBAR. 510-825-7563 www.sanjivcpa.com

  3. What is FBAR ? Simply a statement of account & balances 510-825-7563 www.sanjivcpa.com

  4. No, You do not file FBAR with Tax return? Separate Filing, Different Address and Different Deadline Filing Deadline June 30th No Extension Allowed 510-825-7563 www.sanjivcpa.com

  5. Penalties for not filing FBAR ? IRS is very serious about this ! • Non-Willful Violation • Up to $10,000 for each negligent violation • Willful Violation • Up to $100,000 or 50% of the amount in the account at the time of violation. • Criminal Panalties • Up to $250,000 or 5 Years or both. 510-825-7563 www.sanjivcpa.com

  6. Yes, we can help you file? www.sanjivcpa.com Ph:510-825-7563

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