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The U.S. O is the Report of Foreign Bank and Financial Accounts (FBAR) form.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts, with an aggregate value exceeding $10,000 at any time during the calendar year, is required to file the U.S. O.
The U.S. O form can be filed electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of the U.S. O is to disclose foreign financial accounts and ensure compliance with U.S. tax laws.
The U.S. O requires information about the filer's foreign financial accounts, including the maximum value of each account during the year.
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