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October 25, 2023
Question

Foreign bank account

  • October 25, 2023
  • 1 reply
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I have foreign bank account with balance more than $10,000. do I need to report?

1 reply

DoninGA
Employee
October 25, 2023

Yes, that has to be reported.

Go to this IRS website for Form 8938 and FinCEN114 reporting requirements - https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements