Foreign Bank and Financial Account Reports (FBARs) are information returns required to be filed by any U. S. citizen wherever located and by an individual, person, business, etc. that files U. S. income tax returns and has a financial interest in or signature authority over non-U. S. financial accounts (including bank accounts, brokerage accounts, mutual funds and trusts) where the aggregate value of the accounts exceeds $10,000 U. S. at any time during the calendar year.