LL2
Level 3
04-27-2020
11:49 PM
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Hi, anybody out here who already tried reporting Paypal and Payoneer used in business in FBAR?
Thanks.
Best Answer Click here
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itonewbie
Level 15
04-27-2020
11:57 PM
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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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LL2
Level 3
04-28-2020
12:08 AM
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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.
itonewbie
Level 15
04-28-2020
12:33 AM
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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
Still an AllStar
LL2
Level 3
04-28-2020
01:55 AM
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Thanks a lot.
itonewbie
Level 15
04-28-2020
06:35 AM
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YAVW, @LL2!
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Still an AllStar
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