FBAR Filing

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

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fbarhelp
Posts: 3
Joined: Sun Mar 17, 2019 11:14 pm

FBAR Filing

Post by fbarhelp » Sun Mar 17, 2019 11:18 pm

Hi everyone,

I moved to the US last year and the total value of my accounts was > 10k. I have a few questions:

- Do I need to report accounts that I closed before moving to the US? If so, I have no info on these accounts anymore (e.g. account number). What should I do?

- For each account, I report the maximum income, even though I may have transferred money between accounts? e.g. moving 10k across 3 different accounts?

- Do I need to report money I had in my TFSA?

Thanks!

fbarhelp
Posts: 3
Joined: Sun Mar 17, 2019 11:14 pm

Re: FBAR Filing

Post by fbarhelp » Sun Mar 17, 2019 11:26 pm

I also had life insurance with an "investment" portion that I closed in 2018. Do I need to report this?

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