If you move abroad, you are likely going to need a local bank account. And if you’re a U.S. citizen, you may need to report that account to the IRS through something called an FBAR. In this video, I explain what the FBAR is, who needs to file one, the deadline to file by, and more!

Still curious about something I didn’t include? Ask me below!


LINKS
Get help with the FBAR from my favorite tax service (MyExpatTaxes): https://app.myexpattaxes.com/wizard?r...
About the FBAR:
https://www.irs.gov/pub/foia/fincenf...
https://www.irs.gov/pub/irspdf/p5569...
Are you a US person? https://www.irs.gov/individuals/inter...
File the FBAR: https://bsaefiling1.fincen.treas.gov/...
Help filing late FBARs: https://www.myexpattaxes.com/streamli...


VIDEOS
Filing US taxes from abroad:
Housing costs in Portugal:    • How Much Has Rent Changed in Portugal...  
Voting in US elections from abroad:    • How to Vote in the US while Living Ab...  


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DISCLAIMERS:
I get commissions for purchases made through one or more links shared above at no additional cost to you.
I am not a tax or legal professional. I am simply sharing my experiences as an American with a foreign bank account to help illustrate the process.