The FBAR deadline is April 15, but if you miss it, you automatically get an extension to October 15. You don’t need to file a form or take...
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How to File Delinquent FBARs and Avoid Penalties
If you’re a U.S. expat with foreign accounts and just found out about your obligation to report them, you’re not alone. Many U.S. citizens...
Form 8938 vs FBAR: A Side-by-Side Comparison
When it comes to disclosing foreign financial accounts, many U.S. taxpayers—especially expats and those with global investments—face...
FATCA Reporting Requirements Overview
Foreign Account Tax Compliance Act (FATCA) is a crucial piece of legislation for U.S. taxpayers, especially those living abroad. It...
IRS Form 8938: Filing Guide for U.S. Expats
Living abroad brings its own set of adventures and challenges, especially when it comes to navigating U.S. tax obligations. If you're an...
FinCEN 114: Reporting Foreign Bank Accounts Made Simple
If you're a U.S. citizen, resident, or entity with foreign financial accounts, you're likely required to file FinCEN Form 114, also known...
How to Determine the FBAR Maximum Account Value
If you are a U.S. citizen or resident with financial accounts in a foreign country, you may be required to file the Foreign Bank Account...
How to Report Foreign Bank Accounts on Your Tax Return
If you are a U.S. citizen or resident with a foreign bank account, you must disclose it on your tax return. The IRS requires all taxpayers...
FBAR vs FATCA: Reporting Foreign Accounts as a US Expat
FATCA and FBAR are two distinct reporting requirements that U.S. taxpayers with foreign assets must understand. Although both target tax...
FBAR: Requirements and How to File
Are you a U.S. citizen or resident alien with foreign financial accounts? You may need to file the FBAR, also known as FinCEN Form 114. If...
How Many Years Back Do You Need to File FBAR?
As a U.S. expat, it’s essential to report your foreign income, and it’s easy to overlook the reporting obligation to file the FBAR, which...
Supreme Court Limits FBAR Penalties for US Expats
As a US expat, it's important to stay up-to-date with legal developments that could affect our finances. On Feb. 28, 2023, the US Supreme...
What documents do I need for Filing an FBAR?
Most US expats need to file an FBAR (Foreign Bank Account Report) annually. The FBAR filing obligation is triggered when you have a...
What to Do if the IRS Freezes Your Assets as an Expat
How would you feel if you found your bank account frozen? After all the sweat and the sacrifice, you make after hours of working and...