FBAR filing - Advices

[bankris]

Hi All,

Can anyone throw some light on FBAR filing? who needs to file this? I do hold indian bank account/s.

[Poll_Rangadu]

Were you having more than 10000$ in your indian bank at any given point of time.

[Aamphat]

Does IRS really have time/resources to check on these things?

[HEROO]

38 minutes ago, Aamphat said:

Does IRS really have time/resources to check on these things?

Ne time bad vunte check chestharu

[HEROO]

1 hour ago, bankris said:

Hi All,

Can anyone throw some light on FBAR filing? who needs to file this? I do hold indian bank account/s.

Nuvvu tax file chese year lo at any given point of time ne foreign accounts lo morethan or equal to 10k$ vunte file cheyyali… irs site lo foreign currency rates kuda vuntay a year lo exchange rates entha ani

[appaji_pesarattu]

59 minutes ago, HEROO said:

Nuvvu tax file chese year lo at any given point of time ne foreign accounts lo morethan or equal to 10k$ vunte file cheyyali… irs site lo foreign currency rates kuda vuntay a year lo exchange rates entha ani

bro... if we transfer greater than 10K to other indian accounts like other family members then should we also report that in FBAR?.. i think NO but want to confirm specialists

[manamthoupule]

1 hour ago, appaji_pesarattu said:

bro... if we transfer greater than 10K to other indian accounts like other family members then should we also report that in FBAR?.. i think NO but want to confirm specialists

No

[Raazu]

4 hours ago, bankris said:

Hi All,

Can anyone throw some light on FBAR filing? who needs to file this? I do hold indian bank account/s.

If u have more then 10,000$ in the Indian bank accounts combined.

[bankris]

6 hours ago, appaji_pesarattu said:

bro... if we transfer greater than 10K to other indian accounts like other family members then should we also report that in FBAR?.. i think NO but want to confirm specialists

This is my next question. I never maintained $10,000 in my indian bank account at any given point. But, I have transferred way more than $10,000 to my account in many intervals. In this case, Do I need to file?