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FBAR

LL2
Level 3

Hi, anybody out here who already tried reporting Paypal and Payoneer used in business in FBAR?

Thanks.

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Accepted Solutions
itonewbie
Level 15

These firms are locally licensed and have local office addresses registered with the regulators.  You should be able to search that online or have your client contact these firms.

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Still an AllStar

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5 Comments 5
itonewbie
Level 15

Why do you have to try?  If those accounts are maintained outside the US, they should be subject to FBAR reporting.

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Still an AllStar
LL2
Level 3

But these are online banking facilities so I am wondering what to put as mailing address in the form 114. This is our first time reporting them in FBAR.

 

Thank you.

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itonewbie
Level 15

These firms are locally licensed and have local office addresses registered with the regulators.  You should be able to search that online or have your client contact these firms.

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Still an AllStar
LL2
Level 3

Thanks a lot. 

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itonewbie
Level 15

YAVW, @LL2!

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Still an AllStar
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