FBAR – Filing Requirements for Gold or other Non-Cash Assets

Under IRS FAQ’s regarding Report of Foreign Bank and Financial Accounts (FBAR), the IRS confirmed:

1. A FBAR must be filed whether or not the foreign account generates any income;

2. A FBAR is required for account maintained with financial institutions located in a foreign country if the account holds gold (or other non-cash assets).

Tags: , ,

Comments are closed.