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Tax Explorer
Level 5
July 22, 2024
Solved

US Corp Owning Foreign Subsidary Required to File FBAR?

  • July 22, 2024
  • 1 reply
  • 12 views

Is a US corporation that owns 100% of a foreign subsidary that in turn owns an offshore foreign bank account required to file an FBAR?

This topic has been closed for replies.
Best answer by sjrcpa

Yes.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
July 22, 2024

Yes.

The more I know the more I don’t know.
T
Tax ExplorerAuthor
Level 5
July 23, 2024

As if filing the Form 5471 isn't enough 😆

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