Monday, May 11, 2015
DIRECTIONS FOR FILING FBAR (FORM 114) FOREIGN FINANCIAL ACCOUNT REPORT ON LINE - THIS IS DUE 6/30/15 FOR 2014
This means if you had combined highest balances in your Mexican Bank and Stock accounts of $10,000 US (when converted from Pesos) or more in 2014 you must file this form. This includes accounts you own and those you just sign on but do not have any interest in! Penalty for not filing this form is $10,000 or more per year and possible criminal penalties up to five years in prison.