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hi I'm Andrew Mitchell today we're going to talk about the f bar or the foreign bank account report the f bar had an update this year it's now changed its name it used to be called form TD f 90 - 22 point one now it's FinCEN form one one four and one of the major changes is that the form must be electronically filed you used to file it by paper but now it's filed electronically through the FinCEN website purpose of the f bar is to file information about US citizens and u.s. individuals that have foreign bank accounts foreign brokerage accounts for mutual funds foreign insurance policies and new 'ti 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 you go to Google type in FinCEN form 1 1 4 you'll come up

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