FBAR - For Joint Accounts
#1
FBAR - For Joint Accounts
Just about to complete the FBAR filing for 2023. Something caught my eye on the opening page in the instruction on who must file
.
Got me thinking do you need to send two FBAR for jointly owned accounts, or one report showing both joint owners?
An FBAR filer is considered an individual when he/she personally owns (or jointly owns with a spouse)
Got me thinking do you need to send two FBAR for jointly owned accounts, or one report showing both joint owners?
#2
Re: FBAR - For Joint Accounts
One FBAR form assuming your spouse has no other foreign accounts owned individually, or with another person (not the spouse filing the FBAR).. You have to complete Firm 1114a but you only retain for your own records. https://www.fincen.gov/filing-spouse
#3
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Re: FBAR - For Joint Accounts
One FBAR form assuming your spouse has no other foreign accounts owned individually, or with another person (not the spouse filing the FBAR).. You have to complete Firm 1114a but you only retain for your own records. https://www.fincen.gov/filing-spouse
Until my wife had her own foreign account she was only a joint owner on our UK bank account. For the past 7 years we have had to file an FBAR each, before that just me.
#4
Re: FBAR - For Joint Accounts
One FBAR form assuming your spouse has no other foreign accounts owned individually, or with another person (not the spouse filing the FBAR).. You have to complete Firm 1114a but you only retain for your own records. https://www.fincen.gov/filing-spouse