FlagSageFBAR (Report of Foreign Bank and Financial Accounts)
Glossary term
The FBAR is a US report, filed on FinCEN Form 114, that a US person files when the combined value of their foreign financial accounts exceeds $10,000 at any time in a calendar year.
The IRS says a US person must file if they have a financial interest in, or signature or other authority over, at least one financial account outside the United States, and the aggregate value of those accounts exceeded $10,000 at any time during the year. US persons include citizens, residents, corporations, partnerships and certain other entities.
The FBAR is filed electronically through FinCEN's BSA E-Filing System, not with the federal tax return. The IRS gives April 15 of the following year as the due date, with an automatic extension to October 15.
Filing an FBAR is a reporting duty. It does not by itself mean tax is owed, and it is separate from FATCA reporting on Form 8938.
Not to be confused with
- FATCA. FATCA reporting by individuals uses Form 8938 filed with the tax return and has its own thresholds.
Sources
- Report of Foreign Bank and Financial Accounts (FBAR)Official guidance
Related
- Countries covered
- General
- Sources
- 1 sources
- Tax year
- Current rules as checked
- Review
- Not professionally reviewed
Sources checked November 8, 2026