FBAR Foreign Bank Account Report Filing

Why Settle for Less?

Moving to the US brings a new set of tax rules — and they don’t stop at the border. Once you’re a US tax resident, the IRS wants to know about your income and accounts worldwide. Bright!Tax handles that complexity with precision and care, so you can settle into life here with full peace of mind.

Filing as a US Tax Resident, Simplified

The US taxes based on residency, not just citizenship. If you hold a Green Card, or meet the Substantial Presence Test based on days spent in the country, you’re generally taxed on your worldwide income — not only what you earn here.

The year you arrive or leave can be a dual-status year, with different rules for each part. It’s easy to get wrong. We determine your status, apply any tax treaty benefits you’re entitled to, and make sure your first US return sets you up correctly for the years ahead.

Foreign Assets & Accounts? No problem!

Bank accounts, investments, pensions, or a business back home don’t disappear when you move — and the US has strict rules for reporting them. Missed disclosures carry steep penalties, but with the right guidance they’re straightforward to handle.

Our specialists manage the full picture: the Report of Foreign Bank and Financial Accounts (FBAR / FinCEN Form 114), Foreign Account Tax Compliance Act reporting (FATCA / Form 8938), passive foreign investment companies (PFICs / Form 8621), foreign trusts and gifts (Forms 3520 and 3520-A), and treaty-based positions (Form 8833). We stay on top of the latest developments so you don’t have to — no detail overlooked.