Ph:510-825-7563www.sanjivcpa.com

510-825-7563www.sanjivcpa.com

• Who Must File FBAR ?Any United States person who has a financial interest in foreign country and

Aggregate value of these accounts exceeds $10,000 any time during calender year.

• This also include businessesIndividual Companies or Corp. With accounts in foreign countries also need to file FBAR.

Financial Bank Account ReportingFBAR

510-825-7563www.sanjivcpa.com

What is FBAR ?Simply a statement of account & balances

510-825-7563www.sanjivcpa.com

No, You do not file FBAR with Tax return?Separate Filing, Different Address and Different Deadline

Filing Deadline

JUNE 30THNo Extension Allowed

510-825-7563www.sanjivcpa.com

• Non-Willful ViolationUp to $10,000 for each negligent violation

• Willful ViolationUp to $100,000 or 50% of the amount in the account at the time of violation.

• Criminal PanaltiesUp to $250,000 or 5 Years or both.

IRS is very serious about this !Penalties for not filing FBAR ?

Ph:510-825-7563www.sanjivcpa.com

Yes, we can help you file?