# US warns H-1B, green card holders on FBAR by Oct 15 2026-10-12T17:06:50+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet Indian workers and green card holders in the US who had combined balances exceeding $10,000 in Indian financial accounts at any point in 2025 must file FBAR documentation with the IRS by October 15. The requirement under the Foreign Bank and Financial Accounts rules applies to accounts including NRE, NRO, fixed deposits, demat accounts and certain retirement arrangements. The original filing deadline for the 2025 calendar year was April 15, 2026, with an automatic extension to October 15. The $10,000 threshold applies to the combined value of all reportable foreign accounts, not each account individually. Failure to file can attract civil penalties: $16,536 for non-willful violations and $165,353 or 50% of the account balance, whichever is greater, for intentional violations. ## Indian Opinion Analysis The October 15 deadline creates a compliance crunch for thousands of Indian professionals on H-1B, L-1 and O-1 visas, as well as green card holders, who may not realise that joint accounts and non-interest-bearing accounts count toward the $10,000 threshold. The IRS distinguishes sharply between non-willful and willful violations, and the steep penalty gap, $16,536 versus up to $165,353 plus half the balance, puts a premium on filing even if the taxpayer believes no tax is owed. The key open question is how many filers will miss the extension and face penalties. ## Coverage - deccanchronicle.com Straight news agency style reporting with regulatory details This brief was synthesised by AI from the source linked above. Tags: FBAR, FinCEN, H-1B, IRS Canonical: https://indianopinion.org/us-warns-h-1b-green-card-holders-on-fbar-by-oct-15/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/us-warns-h-1b-green-card-holders-on-fbar-by-oct-15/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/