How-To Guides16 min read
How to Determine the Maximum Value of a Foreign Bank Account for FBAR
If you rely on December statements alone, you can miss the number FBAR actually cares about: each account's maximum value during the year. The filing test is based on whether the **aggregate** value of your foreign financial accounts exceeded **$10,000 at any time during the calendar year**, not on whether year-end balances look low.
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