Don’t forget to file your FBAR on any foreign financial account held

If you have assets that include foreign bank or financial accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) by April 15. Specifically, those who must file have foreign financial accounts where the aggregate value of all such accounts exceeds $10,000 at any time during the calendar year reported. This includes taxpayers having a financial interest in or signature authority over bank accounts, brokerage accounts or mutual funds in a foreign country. If you miss the April 15 deadline, the IRS will automatically provide a filing extension to Oct. 15. Visit https://bit.ly/4iYyWgo  for more information from the IRS or contact us with questions