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    lalji's Avatar
    lalji Posts: 81, Reputation: 2
    Junior Member
    		  
    #1

    Dec 17, 2012, 08:29 PM
    FBAR accounts
    Atlanta tax expert,
    Am I required to declare FBAR accounts if my highest balance in the account is less than $10,000?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 17, 2012, 11:25 PM
    Is it only ONE account, or do you have multiple accounts?

    If one account, did the balance exceed $10,000 at ANY time in 2012?
    lalji's Avatar
    lalji Posts: 81, Reputation: 2
    Junior Member
    		  
    #3

    Dec 18, 2012, 08:19 PM
    I have two accounts and none of the accounts individually or cumulatively exceed $ 10,000 at any time during the year. Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Dec 18, 2012, 08:55 PM
    Then no FBAR is required.
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