How many FBARs should two spouses file?

(Assuming that both spouses are US citizens or GC holders)

  • If both spouses only have joint accounts, it's easy. One FBAR can be filed for both of them.
  • If Spouse 1 has foreign accounts that must be reported on the FBAR, and Spouse 2 is a joint owner of those accounts, without any foreign accounts of their own, they can file just one FBAR together.
  • However, if Spouse 1 AND Spouse 2 both have at least one individual (i.e. not joint) foreign account, both spouses must file separate FBARs (two FBARs in total).
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