CEO and Founder of Kruze Consulting
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If you have a startup with an international parent or subsidiary company, Financial Bank Account Reporting is an important filing that can’t be missed.
If the company, or any of the officers of the company, have either a financial interest in or signature authority over a foreign financial account with more than $10,000 at any point in the year, there are annual reporting requirements with very steep penalties if you fail to report.
You can file your FBAR online through the BSA E-Filing System.
April 15th of every year.
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