Serbinski Accounting Firms

Was able to finally find some IRS documentation that states that the full FBAR should be submitted.

Now trying to find out if it's possible to obtain a copy of previously filed FBARs as we don't seem to be able to find copies of the 2016-2019 FBARS :(.

when amending an FBAR to add a missing account, do I only include the missing account or also include the full list of previously reported accounts ?

thanks!

To be clear, FBARs were filed for those year, but were missing that 1 account.

But it sounds like it should be ok to file amended FBARs for 2016 onwards to include that missing account.

Hello, My wife is a US/Canada dual-citizen residing in Canada. Have been filing her FBARs since she moved to Canada. We just realized that we forgot to include a bank account in her FBAR since 2016. This is a joint checking account that we had to create at the institution where we obtained the mortg...

thank you @nelsona

what's a good approximation on tax owed? would 15% of capital gains be reasonable (would prefer to pay a little less than pay too much and wait/hope for a refund)?

Hello, My wife, a US/Canada dual-citizen residing in Canada sold a rental property located in Florida in 2023. The unit was completely renovated immediately before being sold. couple of questions: 1- What is the correct way for handling the renovation cost prior to selling? Are they added as a capit...

update: found the BSA identifier in Fincen FBAR acknowledgement email... will use that in amended FBAR

Hello, My wife is a US/Canadian dual citizen living in Canada. We've been filing her FBAR and reporting all the bank/RRSP accounts on there. While preparing the 2023 FBAR, noticed that we made a mistake on the balance of one of the accounts in the 2022 FBAR. The mistake is relatively significant (ab...