FBAR Reporting Requirements

The IRS selects returns at random for ID verification. This does not indicate that your filed tax return is incorrect. The verification can still be done even if 45 days or more have passed. You must do the verification if you want to receive your refund.

The most efficient method to do the verification is by telephone. Call the IRS number provided in the letter. Be sure to have available the tax returns for the year being verified and the previous year. For example, if you are waiting for a refund for 2019, then you will need the 2019 and 2018 tax returns.

Below are some types of information you will be asked to provide:

  • Full name as written on both tax returns (including initial)
  • Social Security Number
  • Address as appears on current year tax return and on previous year tax return (including 5-7 digit postal code)
  • Dependents (children) on the prior year return
  • Names, Social Security Numbers and birthdays of all children
  • Tax filer’s mother’s first name, maiden name and father’s full name
  • Address (even if it’s the same as previous year)
  • Main type of income – salary or self employed
  • If self-employed may ask to go to Schedule C to review the profit and loss page
  • Is there any other income? From where?
  • Owe money or are expecting a refund?
  • Amount owed or the amount of the refund
  • Was the refund requested to be sent by check or by direct deposit
  • If direct deposit, the routing number and account number
  • Marital status
  • Which tax return form was filed

If the verification process by phone fails, then you can complete the verification process by sending the following documentation by registered mail to the address in the letter:

  • The IRS letter (if received)
  • Copy of filer’s US passport (must not be expired)
  • Copy of filer’s Social Security card
  • 1st 2 pages of the tax return for the year being verified
  • Full copy of the previous year’s tax return