2014 FinCEN Form 114: Foreign Bank Account Reports Due June 30, 2015

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The U.S. Financial Crimes Enforcement Network (FinCEN) Form 114 is the Report of Foreign Bank and Financial Accounts. The FinCEN Form 114 is commonly referred to as the “FBAR,” which replaces the prior Form TD F 90-22.1. A U.S. person must file an FBAR if the U.S. person has a financial interest in or signature authority over foreign financial accounts and the aggregate highest balance or value of all reportable foreign accounts exceeds $10,000 USD during the calendar year.

A U.S. person has a financial interest in a foreign account if:

  • The U.S. person is the owner of record or holder of …read more

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