Exceptions to FBAR Reporting Requirement

  • You own or have signature authority over a bank account in a US military financial institution operated by the United States for the purpose of servicing US government operations abroad,
  • You are an employee or officer of a bank which is under the authority of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, or Office of Thrift Supervision and you have no personal interest in the bank account.
  • You are an employee or officer of a domestic corporation that has equity securities listed on a national securities exchange and you have no personal interest in these securities.
  • You are an employee or officer of a domestic corporation that has assets which exceed $10M and more than 500 shareholders and you have no personal interest in these assets.