Foreign Bank and Financial Accounts- FBAR New Filing Date Reminder — Friday

Several years ago the IRS mandated new rules on FBAR – Foreign Holdings Reports on your US Tax return greatly increasing the number of folks that have to report .. Don’t Forget!

Report of Foreign Bank and Financial Accounts – FBARForeign money photo-1514903972551-c828aec4146e

You likely know who you are as the IRS has increased the number of folks that need to report Foreign Holdings by lowering many of the thresh-holds of foreign funds.

What you may have forgotten is the new filing date is also the same as our regular filing date, next week.

Here is the IRS link on the matter, we just wanted to remind you just one more time…. Heads up, don’t forget!

Today is a Friday heading into … you guessed it .. a tennis tournament weekend for the 13 year old. No travels, no rain, perfect weather AND an A Draw match, finally … Looking forward to it!

Have a Great Weekend… See ya next week!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

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