FinCEN Form 114 (FBAR). Report of foreign bank and financial accountsLists each foreign bank, brokerage and similar account and its highest balance. It's filed with FinCEN, part of the Treasury, online through the BSA E-Filing System, not with your tax return.
Tax forms › FinCEN 114 (FBAR)
International, immigration and foreign owners
FinCEN Form 114 (FBAR)
Report of foreign bank and financial accounts
What it is
Lists each foreign bank, brokerage and similar account and its highest balance. It's filed with FinCEN, part of the Treasury, online through the BSA E-Filing System, not with your tax return.
Who it's for
US persons (citizens, residents and US companies) whose foreign accounts together topped $10,000 at any time during the year.
Good to know
- The $10,000 test is the total of all accounts combined, at their highest points.
- Accounts you can sign on, like an employer's or a parent's, can count too.
- Non-willful penalties can reach about $16,000 per year; willful ones are far higher.
Related forms
8843Statement for exempt students, scholars and others5472Report of a foreign-owned US company8938Statement of specified foreign financial assets (FATCA)2555Foreign earned income exclusion
General information, not tax or legal advice. Check the current IRS instructions for the form before you file.