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  1. Hi Phil,
    in this post you seem to assume that the person who intends to expatriate has indeed foreign bank accounts that would require FBAR filing.
    What if a greencard holder (uncovered expatriate) has no foreign accounts, decides to expatriate and leaves the US on day X, then files form I-407 to relinquish his greencard on day X+1, and then starts the new life in the foreign country by finding a job and opening local bank accounts? Isn’t this a perfectly valid situation to expatriate without filing FBARs?



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Tax laws change over time, and the information in this post above may be less accurate today than it was at the time of the last revision. This post is not tax advice for your specific situation. Please contact an international tax professional to get personalized advice for your situation.