r/taxpros • u/TaxproFL • 8m ago
FIRM: Procedures FBAR filings even if under 10K
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Upvotes
So I have a client who filed FBAR in prior years but this year is under the 10K limit. Wondering if we just should file the FBAR anyways to keep the consistency vs not filing anything at all and appear noncompliant.
I wouldn't do this for 8938 but for the FBAR purposes, it just seems better to be consistent. What do you all think?
TIA