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-   -   FBAR vs 2555 form/1116 form (https://www.askmehelpdesk.com/showthread.php?t=552773)

  • Feb 8, 2011, 10:26 PM
    Katerina1
    FBAR vs 2555 form/1116 form
    Should I file FBAR if I have filed 2555 form ?

    I have filed 2555 form and excluded full amount of 91,500 and for remaining income from oversea I have used form 1116. All my source of income was salary.

    I have two bank accounts in Europe where my salary was sent. Do I still need to report FBAR? Would IRS see unreported FBAR as hidden accounts and possible tax evasion despite my tax return ( 1040 and 2555 form and 1116 form )

    Thanks
  • Feb 9, 2011, 06:15 AM
    MukatA

    Yes, you must file FBAR if you meet the requirements of filing.

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