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What is the FBAR? (An International Tax Attorney Explains)

The FBAR is a report of Foreign Bank Accounts. The US Treasury, through FinCEN, requires US persons who control, or have an interest in, foreign bank accounts to report their interest in those accounts if the amounts in those accounts exceeds $10,000, in aggregate, at any point during the tax year. Contact an International Tax Attorney with The McGuire Law Firm to help you determine if you have any FBAR filing obligations.

To file an FBAR: https://bsaefiling.fincen.gov/

For a free consultation on tax and filing obligations from the McGuire Law Firm: https://jmtaxlaw.com/contact-us/

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