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OK< the threshold for FBAR (aka FinCEN 114 - or something like that) is $10,000 - the total for all your overseas accounts.

But FATCA is something different - there are a whole bunch of schedules that you need to include with your US tax filings - and the threshold for FATCA reporting is $200,000 if filing as "single" and $400,000 if filing married, filing jointly. The accord you cite concerns the banks and financial institutions, not individuals.
Cheers,
Bev
 

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But FATCA is something different - there are a whole bunch of schedules that you need to include with your US tax filings....
We can be more specific. It's only one "schedule" as a direct FATCA consequence: IRS Form 8968. That form could consist of more than one page.
 

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We can be more specific. It's only one "schedule" as a direct FATCA consequence: IRS Form 8968. That form could consist of more than one page.
Though certain types of financial holdings or transactions may also involve forms 3520, 8621, 8865, 5471 and/or 8891.
Cheers,
Bev
 

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Yes, but those forms are not a result of FATCA. If you need to file those other forms, you need to file those other forms. FATCA (and Form 8968) didn't change that. Hence the word "direct."
 

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We can be more specific. It's only one "schedule" as a direct FATCA consequence: IRS Form 8968. That form could consist of more than one page.
I see that IRS "form fatigue" has finally caught up with even you BBC! That would be Form 8938, not 8968.
 
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