What triggers an FBAR filing obligation?

A US person (citizen, resident, or domestic entity) with signature authority over foreign financial accounts whose aggregate maximum balance exceeded $10,000 at any single point during the year must file FBAR by April 15 (auto-extended to October 15).

Are FBAR penalties severe?

Yes. Non-willful violations: up to $10,000 per account per year. Willful violations: greater of $100,000 or 50% of account value per year, plus potential criminal prosecution. Amended filings via Streamlined Procedure reduce penalties.

Is FBAR the same as FATCA Form 8938?

No. FBAR (FinCEN 114) is filed with FinCEN; Form 8938 is filed with the IRS. Different thresholds ($10,000 vs $50,000–$200,000 depending on status). Both may apply to the same accounts. File both if thresholds are met.

FBAR Filing Threshold Calculator

Determine if you must file FinCEN Form 114 (FBAR). Required when the aggregate maximum value of all foreign financial accounts exceeds $10,000 at any point during the calendar year.

Principal ($)

Annual Rate (%)

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Determine if you must file FinCEN Form 114 (FBAR). Required when the aggregate maximum value of all foreign financial accounts exceeds $10,000 at any point during the calendar year. Use the fbar threshold result to inform your calculation.

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FBAR Filing Threshold Calculator

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Frequently Asked Questions

What triggers an FBAR filing obligation?

Are FBAR penalties severe?

Is FBAR the same as FATCA Form 8938?