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How to Report Money in Foreign Bank Accounts? Business

Apr 3rd, 2023 at 07:16   Services   Chicago   143 views Reference: 7043

Location: Chicago

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An FBAR is a Foreign Bank Account Report. It is a report that must be filed with the US Treasury Department by any US person who has a financial interest in or signature authority over foreign financial accounts that meet certain criteria. The FBAR report money in foreign bank is also known as FinCEN Form 114.