FBAR FATCA Aggregate Threshold Checker
Aggregate matched-date foreign account balances then max, not sum of noncontemporaneous per-account maxima; currency conversion, FATCA asset universe, status and full-year completeness external. Caller independently establishes matching units, evidence, method edition and applicability; output is not compliance, diagnosis, work-safety approval, geological identity or validated hazard prediction.
Description
Foreign account balances must be aggregated on matched dates before finding a maximum.
Foreign account balances must be aggregated on matched dates before finding a maximum.1
Summing each account’s separate maximum can overstate an observed same-date aggregate.
When to use FBAR FATCA Aggregate Threshold Checker
Use this tool when you need to reproduce the stated calculation from measured records or independently selected model inputs. Establish jurisdiction, tax year, applicable authority, and eligible amounts or evidence before entering values. Minor-unit amounts use one currency; 12345 means 123.45 when that currency has 100 minor units per major unit. One basis point is 0.01 percentage points.
How to use FBAR FATCA Aggregate Threshold Checker and understand its results
- Establish jurisdiction, tax year, applicable authority, and eligible amounts or evidence before entering values. Minor-unit amounts use one currency; 12345 means 123.45 when that currency has 100 minor units per major unit. One basis point is 0.01 percentage points.
- Enter observedSameDateForeignAccountBalancesMinor, callerFbarThresholdMinor, callerFatcaThresholdMinor, following the field table and rules below, then run the tool.
- Read observedMaximumSameDateAggregateMinor, callerFbarThresholdExceeded, callerFatcaThresholdExceeded. Use the output meanings below to interpret units, signs, flags, and any nested result fields.
- Correct reported input issues and run again. For a successful result, check the stated evidence coverage and assumptions before using it in your review.
| Input field | Meaning | Value type | Requirement |
|---|---|---|---|
| observedSameDateForeignAccountBalancesMinor | Observed same date foreign account balances minor | numeric matrix | Required |
| callerFbarThresholdMinor | Caller fbar threshold minor | number | Required |
| callerFatcaThresholdMinor | Caller fatca threshold minor | number | Required |
Enter a nonempty rectangular matrix with dates as rows and accounts as columns, all nonnegative safe-integer minor-unit balances in one currency. Sum each row with checked arithmetic, then take the maximum. Compare strictly greater than the independently supplied FBAR and FATCA thresholds. Currency conversion, account/asset scope, and completeness are external.
maximum=max_date(Σaccounts balance_date,account); exceeded=(maximum>threshold) Symbols follow the input and output meanings and the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| observedMaximumSameDateAggregateMinor | Observed maximum same date aggregate minor | number |
| callerFbarThresholdExceeded | Caller fbar threshold exceeded | boolean |
| callerFatcaThresholdExceeded | Caller fatca threshold exceeded | boolean |
{
"input": {
"observedSameDateForeignAccountBalancesMinor": [
[
30,
50
],
[
80,
10
]
],
"callerFbarThresholdMinor": 70,
"callerFatcaThresholdMinor": 100
},
"output": {
"observedMaximumSameDateAggregateMinor": 90,
"callerFbarThresholdExceeded": true,
"callerFatcaThresholdExceeded": false
}
}Limitations and assumptions
Eligibility, rates, dates, definitions, and exceptions are independently supplied facts. The arithmetic is not a complete return calculation or a determination of tax liability.
Missing required fields, unknown fields, wrong types, and violated calculation rules are input issues. Numeric values must be finite; nonfinite results are rejected. Evidence arrays must be dense, with no missing cells. Numeric matrices are limited to 128 rows and 128 entries per row, with rectangularity required where stated.
Alternative or Complementary methods
For a related review, use FEIE Foreign Earned Exclusion Limit Lookup: A foreign-earned-income exclusion limit needs the tax year, income definition, and qualifying facts. This lookup returns your independently verified record without establishing qualification. For a complementary step, use Audit Window Statute Limitations Lookup: An examination limitation period depends on return facts, omissions, fraud, and waivers under a jurisdiction’s law. This lookup returns a verified notice without assuming a universal three-year window.
References
-
FBAR FATCA Aggregate Threshold Checker — tool.io
Similar or alternative tools
- FEIE Foreign Earned Exclusion Limit Lookup
A foreign-earned-income exclusion limit needs the tax year, income definition, and qualifying facts. This lookup returns your independently verified record without establishing qualification.
- Audit Window Statute Limitations Lookup
An examination limitation period depends on return facts, omissions, fraud, and waivers under a jurisdiction’s law. This lookup returns a verified notice without assuming a universal three-year window.