Ensure absolute compliance with international reporting laws. We protect global citizens, expats, and foreign investors from severe IRS penalties.
The IRS and FinCEN aggressively enforce the reporting of foreign financial accounts and assets. Failure to comply with FBAR and FATCA regulations can result in catastrophic financial penalties, even if no tax is actually owed on the foreign assets.
Required if the aggregate value of all your foreign financial accounts exceeded $10,000 at any point during the calendar year.
Applies to specified foreign financial assets exceeding certain IRS thresholds, which vary based on your filing status and residency.
Non-willful FBAR violations can cost $10,000 per violation. Willful violations can cost $100,000 or 50% of the account balance.
Foreign reporting rules are incredibly complex, and overlapping requirements confuse even seasoned taxpayers. Our CPAs ensure every account and asset is declared accurately and filed on time.
Avoid Costly Penalties*Streamlined Filing Compliance Procedures available for past-due filers.
We take the stress out of foreign reporting by executing a secure, detail-oriented process.
You securely upload your foreign bank statements. We evaluate all accounts to determine the maximum value reached during the tax year.
Our experts perform a strict threshold analysis to determine whether you must file FBAR, FATCA, or both based on your specific status.
We electronically file your FinCEN Form 114 directly with the Treasury Department and attach Form 8938 to your federal tax return.
Foreign asset reporting applies to a broad range of individuals and business entities.
U.S. citizens living abroad who utilize foreign banks for their daily living, salary deposits, or local investments.
Resident aliens or visa holders residing in the U.S. who still maintain checking, savings, or brokerage accounts in their home country.
Business owners who hold signature authority over foreign corporate accounts or own shares in foreign financial institutions.
Individuals who hold a beneficial interest in foreign trusts, foreign mutual funds, or foreign life insurance policies with a cash value.
Don't risk your wealth on overlooked reporting requirements. Partner with our certified experts to secure your international compliance.