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FBAR (Foreign Bank Account Reporting)
FBAR (Foreign Bank Account Reporting)
U.S. citizens, residents, and entities must report foreign financial accounts if their combined value exceeds $10,000 at any point during the year. The FBAR (FinCEN Form 114) is filed separately from your tax return to ensure compliance with the Bank Secrecy Act.
Our Comprehensive Services for FBAR Compliance Include
- Determine whether you meet FBAR filing requirements accurately.
- Prepare and e-file your FinCEN Form 114 correctly and on time.
- Consolidate multiple foreign accounts into a single compliant report.
- Review prior-year filings for accuracy and file amendments if needed.
- Guide clients through delinquent FBAR or streamlined filing programs.
Why It Matters
Failure to file an FBAR can result in severe civil and criminal penalties. FourGenix ensures full compliance, minimizing your risk while helping you stay transparent with U.S. Treasury regulations.