Foreign Bank and Financial Account Report (FBAR) is a form that IRS requires you to file to comply with the requirements of reporting Foreign Bank and Financial Accounts to Tax authorities in the United States.

Any United States person who has a financial interest, or signature authority or other authority over financial account in a foreign country, and if the aggregate value of these accounts exceeds US$10,000 at any time during the calendar year, must file a Report of Foreign Bank and Financial Accounts (FBAR).

The due date for filing the FBAR is June 30 of the next Tax year. Unlike with federal income tax returns, request for an extension of time to file an FBAR cannot be granted. The FBAR is not an income tax return and should not be mailed with any income tax returns. Tax Redeem will help you file for FBAR.