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UserC

FBAR for the year before becoming permanent resident

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Hi everyone, I'm a bit confused regarding my FBAR requirements for 2019.

 

Here's my situation:

- Married to USC

- Green card holder (IR1 stamped in February 2020)

- Lived abroad with my wife for the last couple of years before our move to the US in February 2020

 

My question is related to filing the FBAR for 2019. As I wasn't a permanent resident yet in 2019 (entered the US in February 2020 and IR1 stamped then), am I right to assume that I shouldn't file the FBAR for that year? 

 

Thanks a lot in advance!

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8 hours ago, UserC said:

Hi everyone, I'm a bit confused regarding my FBAR requirements for 2019.

 

Here's my situation:

- Married to USC

- Green card holder (IR1 stamped in February 2020)

- Lived abroad with my wife for the last couple of years before our move to the US in February 2020

 

My question is related to filing the FBAR for 2019. As I wasn't a permanent resident yet in 2019 (entered the US in February 2020 and IR1 stamped then), am I right to assume that I shouldn't file the FBAR for that year? 

 

Thanks a lot in advance!

You'd file FinCEN 114 for 2020. It's not a tax form, so filing MFS/MFJ is irreverent. 

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Filed: Citizen (apr) Country: England
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9 hours ago, UserC said:

My question is related to filing the FBAR for 2019. As I wasn't a permanent resident yet in 2019 (entered the US in February 2020 and IR1 stamped then), am I right to assume that I shouldn't file the FBAR for that year? 

 

Your first FBAR will reflect foreign account balances held in calendar year 2020. File it after 2020 ends and before April 15, 2021.

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