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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

refresher123
09-03-2009, 06:06 PM
bump/\/\/\/\/\/\

simple1
09-03-2009, 06:22 PM
Form TD F 90-22.1 (Rev. 10-2008) Page 6.
===========================
Who Must File this Report. Each United States person who
has a financial interest in or signature or other authority over
any foreign financial accounts, including bank, securities, or
other types of financial accounts, in a foreign country, if the
aggregate value of these financial accounts exceeds $10,000
at any time during the calendar year, must report that
relationship each calendar year by filing this report with the
Department of the Treasury on or before June 30, of the
succeeding year.