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  1. Someone has foreign bank account or investment account and the balance of the account exceeds $10,000 at any time.
  2. Someone is an account signer on any foreign organization bank account that balance ever exceeds $10,000 at any time.     (Examples include being a signer for somethin something like your local church bank account, being a signer for local non-profits, and other things .

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  • If neither of the above two situations apply to you, then you don’t need to do anything. (Reliant expects that most of our international missionaries staff will be in this category).
  • However, if you own or sign for an account that ever exceeds $10,000, then you will need to File Form TD F 90-22.1 with the IRS.
    • June 30 is the deadline for filing your Form TD F 90-22.1 with the IRS for the previous tax year.  
    • The Form must be filed every year.

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E-filing is a quick and secure way for individuals to file FBARs. Filers will receive an acknowledgement of each submission. Help with electronic filing technical questions is available at BSAEfilinghelp@fincen.gov or through the BSA E-Filing Help Desk at 866-346-9478.

Who Must File an FBAR (according to IRS regulations)?

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.