What is FBAR ?
FBAR stands for "Foreign Bank Account Report", and refers to FinCen Form 114, Report of Foreign Bank and Financial Accounts.
Who Should File an FBAR?
You're probably required to file an FBAR if you're:
A U.S. citizen or green card holder living abroad
Using foreign accounts for everyday activities
You own or control foreign bank and financial accounts with a combined value over $10,000
FBAR Filing Deadline:
You file your FBAR separately from your tax return. Starting in 2017, the deadline for the FBAR has been moved up to April 18 to coincide with Tax Day, but an automatic six-month extension to October 16th is available if your FBAR is filed after April 18th.