FBAR Filing – A Reporting Requirement for Expats
All American citizens and Green Card holders have to file US taxes every year, reporting their worldwide income, regardless of where in the world they live. If you have foreign registered accounts, you may also have to file a Foreign Bank Account Report (FBAR).
Who Has to File an FBAR?
Any American with a total of at least $10,000 in foreign registered financial accounts in a tax year must file an FBAR. This includes any type of financial account registered overseas that you have signature authority over, such as a joint, trust, or business account.
FBARs are filed to FinCEN, and the FBAR deadline is October 15, so we recommend that you file your FBAR at the same time as your federal tax return.
An Important Reporting Requirement
The IRS now receives Americans’ bank balance and contact details directly from foreign banks, so it’s important not to forget FBAR filing.
We charge a flat $99 for FBAR filing, with a discount available if you need to file multiple years. We can also help with missed FBAR and tax filing amnesty programs.
Our tax prep service has won multiple awards – expat tax is all we do, and we’re very good at it!
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No surprises! We charge a $489 flat tax prep fee, and $99 for an FBAR, with reduced rates for multiple years.
Our Expat Tax Filing Process
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