refresher123
09-03-2009, 05:03 PM
Dear All,
Firstly, sorry if this is a re-post or inappropriate forum, but I wanted to clarify on FBAR filing as the due date Sep 23 is fast approaching. I sent around $25k to my Indian bank account towards purchase of some property in 2008. The money was immediately disbursed from my account after the transfer. Do I still need to file FBAR as the max amount in my Indian bank account was over $10k(requirement for fBAR filing) at some point of time during 2008? Please let me know if anyone has the answer.
Thanks
Firstly, sorry if this is a re-post or inappropriate forum, but I wanted to clarify on FBAR filing as the due date Sep 23 is fast approaching. I sent around $25k to my Indian bank account towards purchase of some property in 2008. The money was immediately disbursed from my account after the transfer. Do I still need to file FBAR as the max amount in my Indian bank account was over $10k(requirement for fBAR filing) at some point of time during 2008? Please let me know if anyone has the answer.
Thanks