Matthew Rheingold mentioned in NJ.com article “I Have A Foreign Bank Account. How Do I Report It On My Tax Return?”May 22, 2019
As seen on NJ.com, May 21, 2019.
Question: Does a foreign bank account get reported every year on your tax return? – Investor
Answer: Reporting a foreign bank account is separate from your tax return.
An FBAR, or Foreign Bank Account Report (FinCEN Form 114), is required to be filed by all U.S. persons who have an interest in, or signatory authority over, a foreign financial account if the aggregate value of those accounts exceeds $10,000 at any time during the calendar year, said Matthew Rheingold, an attorney with Einhorn Barbarito in Denville.
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