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Topic: FBAR filing - signature authority only in year of leaving  (Read 1107 times)

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FBAR filing - signature authority only in year of leaving
« on: March 20, 2018, 03:35:19 PM »
Hi there, hopefully I can get some advice here on filing my FBAR return for 2017 - I can't seem to find reference to an answer in any of the FBAR instructions.

I had signature authority only (no financial interest) over multiple accounts of my employer during part of 2017. I ceased having authority and left that employment in mid-2017. I have no access to any balance information post leaving.

In completing my 2017 FBAR filing, do I enter the maximum account value for the period when I had authority or do I simply tick "maximum account value unknown"?

Thanks for any guidance here.


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Re: FBAR filing - signature authority only in year of leaving
« Reply #1 on: March 20, 2018, 04:24:01 PM »
Hi there, hopefully I can get some advice here on filing my FBAR return for 2017 - I can't seem to find reference to an answer in any of the FBAR instructions.

I had signature authority only (no financial interest) over multiple accounts of my employer during part of 2017. I ceased having authority and left that employment in mid-2017. I have no access to any balance information post leaving.

In completing my 2017 FBAR filing, do I enter the maximum account value for the period when I had authority or do I simply tick "maximum account value unknown"?

Thanks for any guidance here.

I doubt if you will find any definitive guidance on this point. I would tick "maximum account value unknown".

The main point is that you are complying with your reporting obligation.


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Re: FBAR filing - signature authority only in year of leaving
« Reply #2 on: March 21, 2018, 08:15:52 AM »
I doubt if you will find any definitive guidance on this point. I would tick "maximum account value unknown".

The main point is that you are complying with your reporting obligation.

That’s what I would do.
Dual USC/UKC living in the UK since May 2016


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