How to Declare Foreign Bank Accounts
The Internal Revenue Service requires you to file a Report of Foreign Bank and Financial Accounts declaring foreign bank accounts you have a financial interest in or signature authority over. You are required to file this report if you are a United States' citizen or resident and the aggregate value of all of your foreign accounts exceeds $10,000 at any time during a tax year.
Other People Are Reading
Instructions
-
-
1
Obtain a copy of IRS Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. You can find a copy of this form in the resources section of this article. Alternatively, you can request this form by contacting the IRS.
-
2
Complete Form TD F 90-22.1. List information from each foreign-owned bank account. Complete Part I of the form with your tax filer information. Complete Part II of the form and list every foreign-owned bank account you own separately. Complete Part III of the form and list every foreign-owned bank account you own jointly. Complete Part IV of the form and list every foreign-owned bank account where you hold signature or other authority, but no financial interest. Complete Part V of the form and list every foreign-owned bank account if you are a corporate filer and filing a consolidated report.
-
-
3
Mail completed Form TD F 90-22.1 to:
U.S. Department of the Treasury
P.O. Box 32621
Detroit, MI 48232-0621
-
1
Tips & Warnings
You are required to file Form TD F 90-22.1 by June 30 of the following tax year. There is no extension available for filing this form, even if you filed an extension request for your taxes.
Do not file Form TD F 90-22.1 with your regular tax return.
