Do you have a “financial account” in Costa Rica which includes any bank, securities, securities derivatives or other financial instruments accounts?

You know that any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year must file an FBAR which is a Report of Foreign Bank and Financial Accounts?

To rent or buy this 54 minute video with Costa Rica Attorney Roger Petersen please visit our Video On Demand page here.

Below is a list of frequently asked questions regarding Report of Foreign Bank and Financial Accounts (FBAR):

• FAQs Regarding Report of Foreign Bank and Financial Accounts (FBAR) – Filing Requirements
• FAQs Regarding Report of Foreign Bank and Financial Accounts (FBAR) – Financial Accounts
• Report of Foreign Bank and Financial Accounts (FBAR)

Please note that on February 24, 2011 the Treasury Department published in the Federal Register amended regulations relating to the Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).

The IRS web page has not yet been updated to correspond with the new regulations which you can see here.

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Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.