Report of Foreign Bank and Financial Accounts (FBAR)

A US person, including a corporation or partnership created under the laws of the United States must file an FBAR to report their financial accounts located outside the United States if the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year.

The extended due date to file an FBAR is October 15 following the calendar year reported. Not filing an FBAR on time or not at all may generate large penalties. Late FBARs should be filed as soon as possible and before you are contacted by the IRS.

Tax Lynx can help you file your FBAR and avoid penalties. To request Tax Lynx help, complete the short form below. You will receive instructions to make available your financial account information. 

Fees per calendar year amount to $50 for the first two accounts, and then $15 per additional account.