FBAR filing

[amazon]

Evaraina FBAR filing chesara?

maa tax returns vallu call chesi, 2023 lo more than $10k other countries ki pampistay file cheyali ani antunaru. 
 

no idea about this? Do we need to file?

pros and cons?

[amazon]

Ltt

[Spartan]

vere country ki pampiste kaadu

vere country lo ne peru meeda any account lo at any given point of time 10k$ log aite you need to file

it includes bank account, also life insurance nominee, SIP wealth accounts etc

[Spartan]

nuvvu own ga file cheskovachu

and it is mandatory ... fine padite assame

[amazon]

2 hours ago, Spartan said:

vere country ki pampiste kaadu

vere country lo ne peru meeda any account lo at any given point of time 10k$ log aite you need to file

it includes bank account, also life insurance nominee, SIP wealth accounts etc

Yeah, India lo naa account ki and parents account ki above 10k transfer chesina last year. 

[amazon]

2 hours ago, Spartan said:

nuvvu own ga file cheskovachu

and it is mandatory ... fine padite assame

File chestay manaki returns em ana vastavaa?

[amazon]

Just now, amazon said:

File chestay manaki returns em ana vastavaa?

Vastaya?

[csrcsr]

1 minute ago, amazon said:

File chestay manaki returns em ana vastavaa?

It's not for returns you have ro let the irs know your foreign assets 

[amazon]

1 hour ago, csrcsr said:

It's not for returns you have ro let the irs know your foreign assets 

Ok

[Pandubabu]

4 hours ago, Spartan said:

nuvvu own ga file cheskovachu

and it is mandatory ... fine padite assame

is it one time 10k deposit or over the year 

[futureofandhra]

4 hours ago, Spartan said:

vere country ki pampiste kaadu

vere country lo ne peru meeda any account lo at any given point of time 10k$ log aite you need to file

it includes bank account, also life insurance nominee, SIP wealth accounts etc

what if we send to others account?

[pirangi]

Above 10k transfer chesthe year lo fbar file cheyali… nee account lo at any point of time or nee account ki 10k ani kaadu… year lo nuvvu 10k .+ out of USA transfer chesthe nuvvu aa accounts info mention cheyali.. just for tracking foreign  transfers .. neeku emi tax vundadu/ return raadu.. every yr i am doing same.. 

[Spartan]

24 minutes ago, futureofandhra said:

what if we send to others account?

other account avasaram le 

unless you are beneficiary on that account

 

[Spartan]

5 minutes ago, pirangi said:

Above 10k transfer chesthe year lo fbar file cheyali… nee account lo at any point of time or nee account ki 10k ani kaadu… year lo nuvvu 10k .+ out of USA transfer chesthe nuvvu aa accounts info mention cheyali.. just for tracking foreign  transfers .. neeku emi tax vundadu/ return raadu.. every yr i am doing same.. 

account lo untene anna 

transfer cheste kaadu

Who Must File

A U.S. person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report:

1. a financial interest in or signature or other authority over at least one financial account located outside the United States if
2. the aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

[Spartan]

29 minutes ago, Pandubabu said:

is it one time 10k deposit or over the year 

banks log daily eod balance

any given day 10k log aite file cheyali