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Fincen Form 49342g

Fincen Form 49342g

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Instructions and help about Fincen Form 49342g

[Music] hi I'm Andrew Mitchell today we're going to talk about the fbar or the forign bank account report the fbar had an update this year it's now changed its name it used to be called form tdf 90-22.1 now it's finsen form 114 and one of the major changes is that the form must be electronically filed uh you used to file it by paper but now it's filed electronically through the finsen website purpose of the fbar is to file information about US citizens and US individuals that have foreign bank accounts foreign brokerage accounts foreign mutual funds foreign insurance policies annuity policies it's kind of unclear sometimes foreign pensions maybe should be included and sometimes maybe they don't need to be included if it were a pension that's similar to a 401k or an IRA it's a foreign comparable to one of those two I would go ahead and include those types of accounts on the F Bar so in order to get to the F Bar if y

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