How To File FBAR (FinCEN Form 114) - Step by Step Instructions

[searcher]

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.

How To File FBAR (FinCEN Form 114) For 2024 - Step By Step Instructions​

Mar 4, 2024

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...

 

[searcher]

How To File FBAR (FinCEN Form 114) For 2025 - Step By Step Instructions​

Feb 4, 2025
Follow me as I file my own FBAR (FinCEN Form 114) in 2025. I show step by step instructions on filing the FBAR (Form 114), how to calculate the maximum account value and where to get the official Treasury currency conversion rates for 2024. 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.


30:56

00:00 Intro
01:30 What Is FBAR (FinCEN Form 114)
02:04 What Is IRS Form 8938
02:35 Who Has To File FBAR
03:15 What Is A Foreign Financial Account
07:35 What Is NOT Foreign Financial Account
08:37 Are Cryptocurrencies Like Bitcoin Included
10:17 How To Calculate The Max Value Or High Water Mark
16:03 How To Convert Foreign Currencies Into US Dollars
18:35 Filing My Own FBAR
19:49 Part 1: Filer Information
23:33 Part 2: For Single Filers
25:22 Part: 3 For Joint Filers/Married Couples
26:29 Part 4 Signature Authority But No Financial Interest In Accounts
27:05 Part 5 Filing A Consolidated Report
27:30 Signing And Submitting The FBAR
30:14 Conclusion

- Where To File FBAR : WWW.FINCEN.GOV
- Where To Get Foreign Exchange Rates: https://fiscaldata.treasury.gov/datas...
- Filing IRS Form 8938 • Form 8938: IRS Requirements And Step ...

 

[searcher]

Nick / FA

How To File FBAR Yourself: Step By Step Instructions​

Feb 4, 2026
Follow me as I file my own FBAR (FinCEN Form 114) in 2026. I show step by step instructions on how to file FBAR (Form 114), how to calculate the maximum account value and where to get the official Treasury currency conversion rates for 2025. You have to list the maximum values of your foreign bank accounts during the year as well as convert foreign bank account balances into US Dollars. The FinCEN website has changed since last year, so watch this video to see what has changed.


26:45

00:00 Intro
00:58 Filing My Own FBAR
02:34 Part I: Filer Information
04:10 Part II: For Single Filers
06:29 Part: III: For Joint Filers/Married Couples
07:40 Part IV: Signature Authority But No Financial Interest In Accounts (Doesn’t apply to most people)
08:25 Part V: Filing A Consolidated Report (Doesn’t apply to most people)
08:56 Third Party Preparer (Doesn’t apply to most people)
09:41 Filing And Submitting FBAR
10:25 Confirmation: Saving PDF And Emails
12:25 Calculating The High Water Mark In Your Accounts
16:08 Where To Get The Official Foreign Exchange Rates For 2025
17:42 What Is FBAR And How Is It Different From IRS Form 8938?
18:48 Who Is Required To File FBAR
19:13 What Is A Foreign Financial Account
23:32 What Is NOT Foreign Financial Account
24:35 Are Cryptocurrencies Like Bitcoin Included
26:14 Conclusion

- Where To File FBAR : WWW.FINCEN.GOV
- Where To Get Foreign Exchange Rates: https://fiscaldata.treasury.gov/datas...
- Filing IRS Form 8938 • Form 8938: IRS Requirements And Step By St...