Edho Fbar E-Uttharam Camed From My Pannu Mestri - Susukondi

[Kickuu]

FBAR Filing

 

I wanted to draw your attention to another IRS deadline that is quickly approaching.

 

June 30, 2015 is the deadline for Foreign Bank Account Reporting (FBAR). This is an information-only filing that does not affect your tax returns. If you have foreign bank account(s) that exceeded a total of $10,000 USD at any time during 2014, you are required to file this information filing. If you do not have foreign bank accounts that exceeded $10,000 USD at any time during 2014, there is no reporting requirement for you.

 

If you are unsure whether this applies to you or not, you can always send me an email or give me a call.  

 

 

*Please note*

The IRS is becoming more and more strict on FBAR filing.  This is not an optional filing; it is required by the IRS.  Failure to report foreign bank accounts that exceed $10,000 total can have severe consequences.

The IRS can penalize individuals who fail to report their foreign accounts.  

 

WARNING: Failing to file an FBAR can carry a civil penalty of $10,000 for each non-willful violation. But if your violation is found to be willful, the penalty is the greater of $100,000 or 50 percent of the amount in the account for each violation-and each year you didn't file is a separate violation. 

 

FBAR Details

 

Here is a list of the details needed for FBAR filing:

• Name & address of financial institution
• Type of account: Bank, Security, Other
• Account number
• Maximum account value in 2014
• Is it your account, your spouse's account, or a joint account?   

[Happynes]

lykan hyper

[Spartan]

already posted several times man..

[Kickuu]

already posted several times man..

yeah.. just telling sittuncle.. aa Dates susi

[Anta Assamey]

10,000 dollars kanna ekkuva vunte in india or US during the past one year at any point of time... u need to declare it with IRS ...

[Happynes]

already posted several times man..

[arjun510]

idhi only Us citizens or Us residdents ki kada.. its not applicable for h1b holders correct?

[Anta Assamey]

idhi only Us citizens or Us residdents ki kada.. its not applicable for h1b holders correct?

 

Its applicable for H1B also.. 

[vasu123]

Its applicable for H1B also..

Job opportunity and other work authization ki vatikithe only for US citizens and GC holders antaru, indulo matram mananni kooda citizens and residents tho kaluputara, donga na kodkulu chala ekkuva chestunnaru evo evo rules H1 valla meeda petti.

[Kickuu]

Job opportunity and other work authization ki vatikithe only for US citizens and GC holders antaru, indulo matram mananni kooda citizens and residents tho kaluputara, donga na kodkulu chala ekkuva chestunnaru evo evo rules H1 valla meeda petti.

Just Reporting maa.. naaku telisi emanna Illegal activities or Money Laundering cheyyakunda anukunta

[dappusubhani]

Just Reporting maa.. naaku telisi emanna Illegal activities or Money Laundering cheyyakunda anukunta

andariki money transfer sites suggest sestunnav ga.. evado nee pan IRS ki report chesuntaad @3$%

Nee Db pans ninnu bayata kuda vadalatledu naniaa...

[iTeachSAP]

10,000 dollars kanna ekkuva vunte in india or US during the past one year at any point of time... u need to declare it with IRS ...

Us lo easy gaa 10k dollars kante ekkuva untundhingaa..

[tom bhayya]

Us lo easy gaa 10k dollars kante ekkuva untundhingaa..

US lo unnadhi kaadhu :) , us lo untey bank vaadu neeku already 1099 pampisthadu for filing this is only for out of country nee name meedha 10k plus unteyney

[Chakram12]

US lo unnadhi kaadhu :) , us lo untey bank vaadu neeku already 1099 pampisthadu for filing this is only for out of country nee name meedha 10k plus unteyney

baa 

[tom bhayya]

baa

gud evening baa wht doing rey :)