Wife status H4 - account reporting due to FBAR

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246835

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My wife came to US in 2008 as H4 and stayed as H4 (no SSN, but ITIN).
In 2008, I send money to her account from US amount 15,000$ in multiple transactions.

Recently I am hearing about FBAR, and that I should have told to IRS, in 2009 tax filing, that we had a foreign account, which has account >10,000$.

I didn't tell that.

I am so much worried now, about this FBAR rules and penalties ?

can some one advice
 
You can file it retroactively, but do consult with a CPA about how to do it. You have to explain why you didn't file it on time (IIRC it's by the end of June of the following year). On your tax return you have to mention that you have foreign accounts regardless of FBAR minimum amount requirements, if I'm not mistaken. BTW, the $10000 is per owner, not per account. If you have 6 accounts with total of $12000, you must report it even if each of them is only $2000.
 
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