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Who's supposed to file FBAR? Do resident aliens have to file…

who's supposed to file FBAR...
who's supposed to file FBAR? Do resident aliens have to file FBAR? What is the limit for married filing jointly?
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3/15/2018
Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,038
Experience: Adjunct Professor
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Hey! I'm Carter, I'm a CPA and can help you out.

Resident aliens do file the FBAR.

FBAR is the same for anyone. You need to file if you have more than $10,000 in foreign financial institutions.

IRS has a great resource on this here:

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

Let me know if you need anything else. If not, please leave a rating. Thanks!

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Customer reply replied 1 month ago
I have a stock trading account where I am trading stock and exchanges. The options for the type of account are bank, securities and other. Which one is my account? It is actually saxobank but it is, as far as I know not a bank account.

Foreign stock or securities held in a financial account at a foreign financial institution, which is reportable.

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Hey! Just wanted to follow up to see if you needed anything else. If not, please leave a rating so I can get credit for helping you out. Thanks!

Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,038
Experience: Adjunct Professor
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