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June 3, 2019
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Is it mandatory to report details about Foreign Bank account in Tax Filing 2017 if balance in Foreign bank account never exceeded $10,000 during year 2017?

  • June 3, 2019
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Best answer by MinhT1

If your foreign bank account balance never exceed $10,000 in 2017, you do not need to file form FINCEN 114 (FBAR).

Please read this IRS document:

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...


1 reply

MinhT1Answer
June 3, 2019

If your foreign bank account balance never exceed $10,000 in 2017, you do not need to file form FINCEN 114 (FBAR).

Please read this IRS document:

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...


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