International

FinCEN 114 (FBAR): Report of Foreign Bank and Financial Accounts

Required filing for U.S. persons with a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year.

Who Files This Form?

U.S. citizens, residents, and entities with foreign financial accounts exceeding $10,000 in aggregate value.

Key Fields

  • Foreign bank name
  • Account number
  • Maximum account value
  • Type of account
  • Country of account

Filing Deadlines

Due Date

April 15 (automatic extension to October 15)

Late Filing Penalty

Non-willful penalties up to $12,500 per violation; willful penalties up to the greater of $100,000 or 50% of account balance.

Related Forms

Form 8938

Statement of Specified Foreign Financial Assets

Form 1040

U.S. Individual Income Tax Return

Schedule B

Interest and Ordinary Dividends

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