What Is FBAR? Who Needs to File? Avoid IRS Penalties in 2025

Do you have a bank account outside the United States?
You may be required to file an FBAR (Foreign Bank Account Report) — and missing it could cost you up to $100,000 in penalties.

In this quick video, Ali from Precision Accounting Intl. explains:

✅ What is FBAR?
✅ Who must file it?
✅ What happens if you don’t file?
✅ How we can help you file securely and on time.

📅 FBAR is due annually by April 15 (with an automatic extension to October 15).
💼 Individuals and businesses with foreign accounts of $10,000 or more at any time during the year must file.

📞 Need help with FBAR filing?
Contact us today for a free consultation.
📞 (973) 956-1040
👉 https://cpapai.com/consulting
🌐 [email protected]

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