FBAR

[LL2]

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

Thanks.

[itonewbie]

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

[LL2]

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 · Accepted solution]

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.

[LL2]

Thanks a lot. 

[itonewbie]

YAVW, @LL2!