| If a person has multiple accounts each with less than $10,000, does he have to file a FBAR?
Let us suppose, that a US person owns foreign financial accounts A, B and C with account balances of $3,000, $1,000 and $8,000, respectively.
Would that person have to file an FBAR and if so, which accounts must be listed on the FBAR?
According to the IRS, "even though no single account is over $10,000, because the aggregate value of accounts A, B and C is over $10,000, the person has to file an FBAR and must report foreign financial accounts A, B and C on the FBAR"
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