
Things You Need to Know About FBAR Reporting
11 March, 2021 | FBAR
Things You Need to Know About FBAR Reporting FBAR stands for Foreign Bank Account Report or Report of Foreign Bank and Financial Accounts. As the name suggests, it refers to reporting certain foreign bank accounts to the Treasury Department of the United States of America. In extended terms, under the Bank Secrecy Act, FBAR is the legal procedure that needs to be complied with by eve... CONTINUE READING