Foreign Bank Account Reports (FBAR)
GPTKB entity
Statements (43)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
financial reporting requirement
|
| gptkbp:administeredBy |
gptkb:Financial_Crimes_Enforcement_Network_(FinCEN)
|
| gptkbp:appliesTo |
gptkb:U.S._persons
gptkb:limited_liability_companies_(LLCs) corporations partnerships U.S. citizens U.S. residents estates trusts entities organized under U.S. law foreign bank accounts foreign mutual funds foreign brokerage accounts foreign financial accounts foreign retirement accounts (in some cases) |
| gptkbp:compatibleWith |
accounts held at U.S. financial institutions
foreign currency held outside financial accounts foreign real estate |
| gptkbp:distinctFrom |
gptkb:IRS_Form_8938
|
| gptkbp:extensionAvailable |
October 15
|
| gptkbp:filingDate |
gptkb:FinCEN
|
| https://www.w3.org/2000/01/rdf-schema#label |
Foreign Bank Account Reports (FBAR)
|
| gptkbp:introducedIn |
1970
|
| gptkbp:language |
English
|
| gptkbp:legalBasis |
gptkb:31_U.S.C._§_5314
|
| gptkbp:notFiledWith |
gptkb:IRS
|
| gptkbp:penalty |
criminal penalties
civil penalties |
| gptkbp:publicLawNumber |
gptkb:FinCEN_Form_114
|
| gptkbp:purpose |
combat tax evasion
detect money laundering enforce financial transparency |
| gptkbp:relatedTo |
gptkb:FATCA
|
| gptkbp:reportingDeadline |
gptkb:April_15
|
| gptkbp:reportingMethod |
electronic filing
|
| gptkbp:requires |
gptkb:Bank_Secrecy_Act
financial interest in foreign accounts signature authority over foreign accounts |
| gptkbp:threshold |
aggregate value over $10,000
|
| gptkbp:website |
https://www.fincen.gov/report-foreign-bank-and-financial-accounts
|
| gptkbp:bfsParent |
gptkb:Bank_Secrecy_Act
|
| gptkbp:bfsLayer |
6
|