ncCPAp on the GO!


  • 1.  FBAR

    Posted 06-27-2019 07:19
    Hi Everyone,

    RE: FBAR filing requirement

    My client moved to the US about 3 years ago and has lived here full time during those three years.  He is here on a work visa and he works for a worldwide consultancy company.  Each year he has filed form 1040NR for his earnings in the US.

    I'm confused from my research as to whether or not he has the FBAR filing requirement.  He has decided to stay in the US and he is about to file for his green card and eventually wants to become an American citizen.

    Thank you for your time.


    Tusa & Associates CPA, P.C.
    BELLMORE NY 11710

  • 2.  RE: FBAR

    Posted 06-28-2019 11:11
    The first issue that comes to mind is if he were physically present in the US over the last 3 years, he would typically be filing a 1040 as a resident alien rather than a 1040NR.  With that in mind, filing FBARs would be a given as a requirement.  The only exception that comes to mind for NR filing in those instances are Student visas where they may be present in the US and still only file 1040NRs.  Then it follows as to reporting worldwide income, FBARs, potential 8938's and also Forms 3520 and 3520-A for retirement accounts in a non-US jurisdiction.  But the first issue starts the discussion.

    Steven Miller CPA
    Dallas TX