For example, an account with a U.S. bank that’s maintained at a branch physically located in Canada is a foreign account ...
FBAR: Accurately answering the foreign account question on Schedule B Form 1040 is critical. It can have significant legal ...
Those who choose to keep money in foreign banks may need to file a Report of Foreign Bank and Financial Accounts Report (FBAR). The FBAR is a tool used by the federal government to identify ...