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Latest revision as of 13:21, 13 August 2026


Even as lots of people breathe a sigh of relief after a conclusion of the tax period, individuals with foreign accounts along with other foreign financial assets may not yet be through their own tax reporting. The Foreign Bank Account Report (FBAR) arrives by June 30th for all qualifying citizens. The FBAR is a disclosure form that is filled by all U.S. citizens, residents, and U.S. entities that own bank accounts, are bank signatories to such accounts, or have a controlling stakes a minimum of one or many foreign bank accounts physically situated outside the borders of north america. The report also includes foreign financial assets, life insurance coverage policies, annuity having a cash value, pool funds, and mutual funds.

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The great part will be the county becomes their tax money to provide us with roads, fire and police departments, . . .. Whether they use domestic or foreign investor dollars, all of us win!

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