Anyone who must file or pay US taxes from abroad are required to file the FBAR once their financial accounts have reached the FBAR filing threshold. Luckily, you can file your FBAR within minutes through the MyExpatTaxes app!
The Foreign Bank Account Report is a form needs to be filled out if you have had $10,000 or more combined from all foreign financial accounts at any one time during the year. The filing deadline is October 15th, and penalties for not filing can be hefty.