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Foreign Bank and Financial Account Report (in short FBAR) is a form that IRS requires you to file to comply with the requirements of reporting Foreign Bank and Financial Accounts to Tax authorities in the United States.
Any United States person who has a financial interest, or signature authority, or other authority over any financial account in a foreign country, and if the aggregate value of these accounts exceeds US$10,000 at any time during the calendar year, must file a Report of Foreign Bank and Financial Accounts (FBAR).
For assistance on FBAR, contact us by writing to email@example.com.