What is a FBAR? Who needs to file one?

In this video we explain what an FBAR is and who needs to file one. FBAR is an acronym for "Foreign Bank Activity Report". If you live overseas and hold assets in bank accounts, brokerage accounts or other asset related accounts, and the account balance in the account is greater than $10,000 US dollars at any one point during the year, you are required to file an FBAR.

FBAR is an information related filing and it is important to file by the April 15th deadline. Delinquent FBAR or non filing can result severe monetary penalties. It is important to get these document filed by the required deadlines and maintain tax compliance with the IRS.

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Dylan Quintilone PTIN P02055728

Disclosures:
Dylan Quintilone is an investment advisor representative with Copper Canyon LLC, a state of Florida Registered Investment Advisor. He provides tax services separately and independently of Copper Canyon LLC. He does not render investment advice, or financial planning services as a service within the tax business. In the event a tax customer wants to engage Mr. Quintilone for investment related services, Mr. Quintilone will be required to disclose material facts. The first disclosure will be to inform the tax client that investment advising is a separate service and Mr. Quintilone is required to deliver disclosure documents consisting of Copper Canyon LLC’s Form ADV Part 2 Brochure, Portfolio Management Contract and other required documents.

Copper Canyon LLC is a Registered Investment Advisor in Orlando, Florida. The firm is regulated by the Office of Financial Regulation, Division of Securities. More information can be found about Copper Canyon LLC CRD Number 286061, by visiting https://brokercheck.finra.org/ and typing Copper Canyon LLC into the search box

Copper Canyon LLC Firm Persons

Dylan Quintilone
Investment Advisor Representative
CRD Number 6732024

Paul Edward Clay
Investment Advisor Representative
CRD Number 7145606

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