Foreign Bank and Financial Account Reporting (FBAR's)

Foreign Bank and Financial Account Reporting (FBAR's) Form 114 (FinCEN)   - Due April 15th

You may find it helpful to use the attached PDF template to provide us with the information required to report your foreign financial accounts.

Whether you live in the U.S. or abroad, U.S. persons (U.S. citizens, green card holders, resident aliens) are required to file FinCEN Form 114 if they are an owner, joint owner, nominee, or can control the distribution of an account's funds and meet the filing threshold.  If the combined balance of all your foreign accounts is more than $10,000 at any point during the calendar year, you must file FinCEN Form 114.  For example, suppose you are a U.S. citizen living in Canada and you have two checking accounts and a RRSP/RRIF or TFSA account at a Canadian bank that together held $15,000 during the year.  In this case, you must file an FBAR even if each account only held $5,000.

All foreign (non US) bank and financial accounts that you have signing authority over must be reported, including retirement accounts.

 Please provide details of all foreign (non U.S.) bank and financial accounts, including RRSP(s), Employer RPP(s) LIRA(s) TFSA(s), RESP(s), insurance policies with a cash value, corporate accounts.
- Bank or Financial Institution name and address
- Account number
- Account owner(s)
- Approx. maximum balance during the year.

All information should be delivered to our Toronto office by courier, registered mail or to our secure server:  http://serbinski.com/FileUploadDownload.shtml#Upload