FAQ #10 What is FBAR And Why Do I Have to file?

http://www.incometaxassist.com An FBAR is a Report of Foreign Bank and Financial Accounts. If you have financial assets in a foreign country or a foreign account, you are required to file this “information only” return with the IRS by June 30th each year. In this video, Debbie Haverly, CPA and founder of Income Tax Assist , goes into more detail about how this affects your business, partnerhips, and your taxes.