Originally Posted by penguinsix (Post 12172820)

1 second in your account = you must file.

Remember once FBAR is triggered for one (or through a combination of accounts) you must disclose ALL accounts no matter how much is in them.

Originally Posted by audio (Post 12172840)

Yes. As I have posted elsewhere even for an account holding $22 would you believe?:banghead:

Originally Posted by audio (Post 12172840)

Yes. As I have posted elsewhere even for an account holding $22 would you believe?:banghead:

Originally Posted by morpeth (Post 12173098)

do copies of statements need to be included ?

Originally Posted by penguinsix (Post 12172820)

1 second in your account = you must file.

Remember once FBAR is triggered for one (or through a combination of accounts) you must disclose ALL accounts no matter how much is in them.

Originally Posted by Owen778 (Post 12173459)

If he's filing dual status, surely he only counts as a US person when he is a US taxpayer, and not before he moves to the US?

Originally Posted by mrken30 (Post 12173629)

It appears the PDF form is the same as last year. So you can just update the pdf from last year and resubmit. I had issues in the past, but it eventually went. Has anyone used the new online form?

The biggest issue I have with FBAR is that with an active bank account, it is sometimes difficult to establish the highest balance throughout the year, with income coming in one day and bills going out the next or same day.

I am not sure how accurate that balance has to be. I use moneydashboard.

With a defined benefit pension, would it be fair to say I do have a financial interest but no signature authority?
I certainly will benefit financially from the account one day, I hope.

Originally Posted by Cook_County (Post 12173687)

Why is it difficult to establish the highest balance of a bank account?

Originally Posted by Cook_County (Post 12173687)

Why is a defined benefit pension reported on an FBAR?

Originally Posted by mrken30 (Post 12173737)

So if I have £100 going in and £20 coming,then few days later £30 goes out, few days later £200 goes in.

I'm sure your checking account goes up and down a lot.

Originally Posted by mrken30 (Post 12173737)

The question on FBAR asks "Do you have a financial interest in the account?" Any account where you benefit financially from, I would have thought falls into this category.

I know it has been generally accepted DB pensions do not need to be reported.