FBAR 2026 Update: How to File FinCEN Form 114 Step by Step (Live BSA E-Filing Walkthrough)

Описание: FBAR deadline alert: the 2025 FBAR (FinCEN Form 114) is due October 15, 2026.

In this FBAR 2026 Update, Durga Prasad Vuyyuru, IRS Enrolled Agent, files an FBAR screen by screen on the real BSA E-Filing website using a sample client with SBI, HDFC and ICICI accounts in India.

You will learn:
Who must file FBAR (U.S. citizens, green card holders, H-1B and other resident aliens, U.S. entities)
The $10,000 aggregate maximum-value test
Which accounts count: savings, FDs, NRO, NRE, demat, mutual funds
Every field in Filer Information, Part II accounts, Signature and Submit
5 common FBAR mistakes and the penalties

Chapters
0:00 FBAR 2026 Update
0:21 Do you need to file? The $10,000 rule
1:00 Sample client: Ravi's 3 Indian accounts
1:52 Step 1: Open BSA E-Filing
2:26 Step 2: Home tab and filing name
3:02 Step 3: Filer Information (items 1-3)
3:28 Items 4-8: name and date of birth
3:54 Address and 25+ accounts questions
4:31 Step 4: Account Information (Parts II-V)
4:53 Adding each foreign account
5:47 Step 5: Signature and preparer section
6:17 Step 6: Finalize, hCaptcha, Submit
6:56 5 common FBAR mistakes
7:30 Deadlines and penalties
8:03 Quick recap

Practical U.S. accounting, tax and payroll courses: https://talentapros.io
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Disclaimer: Educational content only, not legal or tax advice. Sample data shown; nothing was submitted to FinCEN.

#FBAR #FinCEN114 #NRITax