Thanks for that! That seems reasonable. I’d like to point out that this advice only applies to US staff, who have an obligation to report their foreign accounts (above some balance). I’d assume only the folks who have access / authority over the account have a filing requirement, not all US staff in the org. My experience is that this level of FBAR reporting isn’t onerous.
Thanks for that! That seems reasonable. I’d like to point out that this advice only applies to US staff, who have an obligation to report their foreign accounts (above some balance). I’d assume only the folks who have access / authority over the account have a filing requirement, not all US staff in the org. My experience is that this level of FBAR reporting isn’t onerous.
https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar
You need this information, and only the last requires some math:
(As a US citizen with a UK bank account from working abroad, I file FBARs for my personal accounts.)