Stay fully compliant with US international tax disclosures. We ensure timely and accurate preparation of FinCEN Form 114 (FBAR) and IRS Form 8938 (FATCA), shielding you from draconian civil and non-willful penalties.
Review savings, mutual funds, PPF, EPF, and fixed deposit balances.
Determine maximum aggregate balance using official US Treasury exchange rates.
E-file FinCEN 114 to US Treasury and Form 8938 with Form 1040.
Issue official Treasury submission receipt for your permanent records.
If the combined value of all your foreign accounts exceeded $10,000 at ANY point in the calendar year, you must file.
Avoid non-willful failure to file penalties starting at $10,000 per violation or 50% of the account balance.
Report foreign interest and dividends on Schedule B, and claim Foreign Tax Credits (Form 1116) to prevent double tax.
Catch up on missed prior year filings through IRS Streamlined Filing Compliance Procedures without penalties.
Many filers confuse FBAR and FATCA. Both are mandatory international disclosures, but they are governed by different US government agencies and have separate thresholds.
Provide details for all foreign accounts:
Our CPAs will accurately convert and transmit your FBAR reports directly to FinCEN.