Who Must File an FBAR

United States persons are required to file an FBAR if:

The United States Person had a financial interest in or signature authority over at least one financial account located outside of the United States and The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.

United States Person means United States Citizens; United States Residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States.