Foreign account and asset reporting for Americans abroad
Helping US expats navigate FBAR, FATCA, and other complex reporting requirements
Foreign account compliance, start to finish
FBAR filing (FinCEN Form 114)
If your foreign financial accounts exceed $10,000 in aggregate value at any point during the year, you must file an FBAR. This includes bank accounts, brokerage accounts, and other financial accounts held outside the US. The deadline is April 15 with an automatic extension to October 15. We prepare and file your FBAR electronically, track deadlines, and calculate maximum account values to keep you compliant.
Form 8938 / FATCA reporting
Form 8938 requires reporting of specified foreign financial assets when they exceed certain thresholds, which vary based on your filing status and where you live. For expats, the threshold starts at $200,000. This form is filed with your tax return and covers a broader range of assets than FBAR, including foreign stocks, partnership interests, and certain foreign pensions. We determine if you meet the filing threshold and prepare Form 8938 with your return.
PFIC reporting
Foreign mutual funds, ETFs, and certain life insurance policies are often classified as Passive Foreign Investment Companies (PFICs) and require special reporting. PFICs have complex tax treatment and require annual Form 8621 filing for each investment. We identify which of your foreign investments qualify as PFICs, calculate the tax using the appropriate method, and prepare the required forms to report them correctly.
“5 star service for the second year running! Extremely responsive, professional, and straight forward. Highly recommend to anyone, and especially for those employed overseas with somewhat complicated tax issues.”
Our proven approach to international taxes
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Connect, your way
Connect with us in your preferred way – through a video call or by just answering a few questions. We'll assess your situation and come up with a clear plan.
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Meet your specialist
We match you with a dedicated expat tax expert who knows your situation and provides ongoing support throughout the year.
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File with confidence and ease
We tackle the complex calculations, forms, and optimizations. We submit everything to the IRS and states as needed, then track your refund or payment status.
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Frequently asked questions
It refers to the requirement for US citizens to disclose certain foreign financial accounts, assets, and investments to the IRS and other regulatory authorities.
Common forms include the FBAR (FinCEN Form 114) for foreign bank accounts and Form 8938 (FATCA) for specified foreign assets, depending on your account balances and asset types.
US citizens, resident aliens, and certain entities with financial interest in or signature authority over foreign accounts must comply if their combined account balances or asset values meet the minimum reporting thresholds.
Bank accounts, brokerage accounts, mutual funds, retirement accounts, and other financial accounts held outside the US must be reported if they exceed the reporting thresholds.
Penalties can be severe, including fines, interest on unpaid taxes, and potential criminal liability in cases of willful non-compliance.
Yes. We review your foreign accounts and assets to identify if reporting thresholds are met and ensure all necessary filings are accurate and timely.
FBARs are filed annually by April 15 (with an automatic extension to October 15), while Form 8938 is typically filed with your annual US tax return.
Absolutely. We offer continuous guidance, account monitoring, and updated reporting advice to help US expats remain compliant year-round.
Still have questions? Get in touch by your preferred contact method to get expert guidance.