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Category: General Questions

Schedule B (FinCEN Report 114)

**This form is not supported by TaxSlayer. The IRS requires that this form be filed separate from your tax return**

 

FinCEN Report 114, Report of Foreign Bank and Financial Accounts (the "FBAR"), is used to report financial interest in or signature authority over a foreign financial account. The FBAR must be received by the Department of the Treasury on or before June 30th of the year immediately following the calendar year being reported. Note: The June 30th filing date may not be extended.

 

A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year.

 

For additional information regarding the FBAR and to access a "fillable" FinCEN Report 114, please click here.