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Old 16.12.2013, 13:22
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Re: FAQ: Expat's Guide to US Tax

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After doing some research I think I do not need to file an FBAR bc I've only just recently opened a bank account abroad and I doubt that it will ever contain more than $10K at any point in time.
Note that the limit of $10K is the sum of all your foreign accounts, not any single account. When calculating this, take into consideration things you might not consider like:

- Retirement accounts / pensions
- Stocks/shares that you might have been awarded
- If you rent an apartment, the account where your deposit is held

Particularly in regards to the pension account, you can quickly find yourself over the threshold.
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