FBAR

5 replies
40 views

Hi, anybody out here who already tried reporting Paypal and Payoneer used in business in FBAR?

Thanks.

ProConnect Tax Online

This topic has been closed for replies.

itonewbieAnswer

Level 15

These firms are locally licensed and have local office addresses registered with the regulators. You should be able to search that online or have your client contact these firms.

---------------------------------------------------------------------------------Still an AllStar

itonewbie

Level 15

Why do you have to try? If those accounts are maintained outside the US, they should be subject to FBAR reporting.

---------------------------------------------------------------------------------Still an AllStar

L

LL2Author

Level 3

But these are online banking facilities so I am wondering what to put as mailing address in the form 114. This is our first time reporting them in FBAR.

Thank you.

itonewbieAnswer

Level 15

These firms are locally licensed and have local office addresses registered with the regulators. You should be able to search that online or have your client contact these firms.

---------------------------------------------------------------------------------Still an AllStar

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