Most Americans living in Europe first hear about FBAR from a bank — or from a tax preparer who mentions it almost in passing. If that sounds familiar, you are not alone. FBAR is one of the most widely misunderstood compliance obligations for US expats, and the 15 October deadline catches people by surprise every year. Here is what you need to know. What is FBAR? FBAR stands for Report of Foreign Bank and Financial Accounts. It is filed with the Financial Crimes Enforcement Ne