Tax Blog about FBAR and FATCA for Americans overseas

The IRS Removed Its Delinquent FBAR Page, but Penalty Relief Still Exists

Yes, delinquent FBAR penalty relief still exists. Although the IRS removed its public Delinquent FBAR Submission Procedures webpage in...

Jul 21, 2026 | FBAR and FATCA

If the total balance of your foreign financial accounts exceeded $10,000 at any time during the calendar year, you need to file an FBAR....

When it comes to disclosing foreign financial accounts, many U.S. taxpayers—especially expats and those with global investments—face...

Missing FBARs does not automatically mean penalties. If you properly reported all foreign income on your tax returns and your only issue...

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...

Apr 30, 2025 | FBAR and FATCA

Foreign Account Tax Compliance Act (FATCA) is a crucial piece of legislation for U.S. taxpayers, especially those living abroad. It...

Living abroad brings its own set of adventures and challenges, especially when it comes to navigating U.S. tax obligations. If you're an...

Apr 24, 2025 | FBAR and FATCA

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...

Feb 17, 2025 | FBAR and FATCA

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...

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...

FATCA and FBAR are two distinct reporting requirements that U.S. taxpayers with foreign assets must understand. Although both target tax...

Jan 19, 2025 | FBAR and FATCA

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...

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...

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...