FinCEN Form 114 (FBAR) Statement with Expat1040:
Comply with your international tax obligations
Expat1040, your ally to file FinCEN Form 114 and comply with the IRS without complications.
At Expat1040, we understand the importance of complying with international tax obligations, especially when it comes to FinCEN Form 114, also known as FBAR (Report of Foreign Bank and Financial Accounts). This U.S. Treasury Department requirement requires U.S. citizens and residents to report foreign financial accounts if their total combined balance exceeds $10,000 at any point during the tax year.
Our team of experts is ready to help you properly file your FBAR and avoid serious penalties for noncompliance. We offer a comprehensive and customized solution to ensure you comply with FinCEN regulations efficiently and seamlessly.
With Expat1040, you can be sure that your declaration will be accurate and compliant with current regulations.
What is FinCEN Form 114 (FBAR) and who is required to file it?
The FBAR is a form that allows the U.S. Department of the Treasury to report foreign financial accounts to prevent tax evasion and money laundering.
They are required to submit it:
- US citizens and permanent residents.
- Persons with signature or authority over foreign financial accounts.
- Joint account holders with a combined balance greater than $10,000.
- At Expat1040, we analyze your case to determine if you need to file an FBAR and guide you through the process to avoid errors.
Advantages of filing your FBAR with Expat1040
Accuracy guaranteed: We ensure that all information is complete and correct.
- Regulatory Compliance: We help you avoid unnecessary penalties.
- Comprehensive support: From account identification to final submission, we're with you every step of the way.
- Fiscal peace of mind: We know what's at stake and we work to protect your interests.
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