|
gptkbp:instanceOf
|
financial reporting requirement
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
gptkb:Financial_Crimes_Enforcement_Network
|
|
gptkbp:appliesTo
|
gptkb:U.S._persons
corporations
partnerships
U.S. citizens
U.S. residents
estates
trusts
entities organized under U.S. law
limited liability companies
other U.S. entities
|
|
gptkbp:extensionAvailableUntil
|
October 15
|
|
gptkbp:filedElectronicallyVia
|
gptkb:BSA_E-Filing_System
|
|
gptkbp:filingDeadline
|
gptkb:April_15
|
|
gptkbp:filingMethod
|
online only
|
|
gptkbp:fullName
|
Report of Foreign Bank and Financial Accounts
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
FBAR
|
|
gptkbp:introducedIn
|
1970
|
|
gptkbp:notFiledWith
|
IRS tax return
|
|
gptkbp:penalty
|
criminal penalties
civil penalties
greater penalties for willful violations
up to $10,000 for non-willful violations
|
|
gptkbp:publicLawNumber
|
gptkb:FinCEN_Form_114
|
|
gptkbp:purpose
|
combat money laundering
detect and prevent tax evasion
|
|
gptkbp:relatedTo
|
gptkb:Bank_Secrecy_Act
tax compliance
anti-money laundering
|
|
gptkbp:requires
|
gptkb:United_States_federal_law
|
|
gptkbp:triggeredBy
|
aggregate foreign financial accounts exceeding $10,000
|
|
gptkbp:bfsParent
|
gptkb:Form_8938
|
|
gptkbp:bfsLayer
|
6
|