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No experience with this and after watching the vid I'd think I have an accountant do it if necessary. 14 mins, 21 secs long.
Follow me as I file my own FBAR (FinCEN Form 114) in 2024. I show step by step instructions on filing the FBAR (Form 114), how to calculate the maximum account value. You have to list the maximum values of your foreign bank accounts during the year as well as convert foreign balances into US Dollars. I recommend you do not do the PDF FBAR filing. Do the online filing instead as it is much simpler.
To start file FBAR yourself, start at the Financial Crimes Enforcement Network website: https://www.fincen.gov/
Or go directly to the BSA E- filing website: https://bsaefiling.fincen.treas.gov/N...
To get the 2023 currency conversion rates go to : https://fiscaldata.treasury.gov/datas...
How To File FBAR (FinCEN Form 114) For 2024 - Step By Step Instructions
Mar 4, 2024Follow me as I file my own FBAR (FinCEN Form 114) in 2024. I show step by step instructions on filing the FBAR (Form 114), how to calculate the maximum account value. You have to list the maximum values of your foreign bank accounts during the year as well as convert foreign balances into US Dollars. I recommend you do not do the PDF FBAR filing. Do the online filing instead as it is much simpler.
To start file FBAR yourself, start at the Financial Crimes Enforcement Network website: https://www.fincen.gov/
Or go directly to the BSA E- filing website: https://bsaefiling.fincen.treas.gov/N...
To get the 2023 currency conversion rates go to : https://fiscaldata.treasury.gov/datas...