Americans Helping Americans Abroad

National Law Review cites AARO FBAR survey

The National Law Review has just published an article reporting and commenting on the results of the AARO survey on e-filing of the FBAR.

We are gratified to see that they suppport our recommendation that the filing threshold be raised: "We agree and suggest the threshold be pegged to the consumer price index. $10,000 in 1970 dollars equates to $60,864 today."

We understand their feeling that our other recommendation regarding "same coutry" accounts is unlikely to garner support in Washington, but will continue to press that case.

The article does not cite other specific recommendations regarding FinCEN Form 114 itself, but those are now being forwarded to decision-makers in Washington and we shall advocate for them in Washington in March.

See the National Law Review article here.

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