Tag: FinCEN Form 114

FBAR Requirements for Crypto Accounts Over $10,000: What You Need to Know in 2025

FBAR Requirements for Crypto Accounts Over $10,000: What You Need to Know in 2025

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U.S. persons with foreign crypto accounts over $10,000 must understand FBAR rules. While pure crypto accounts aren't officially reportable yet, experts warn that changes are coming fast-and filing now could save you from massive penalties.