International tax
FATCA reporting (Form 8938)
Form 8938 filing for US persons with foreign financial assets above IRS thresholds — assessed and prepared alongside your tax return.
What we handle
End-to-end FATCA compliance for US citizens, residents, and green card holders with foreign financial assets.
FATCA vs FBAR — what’s the difference?
Both report foreign financial assets, but they’re separate filings with different rules. Most US persons abroad may need to file both.
FATCA (Form 8938)
Filed with
IRS (with your Form 1040)
Threshold (US residents)
$50,000 single / $100,000 joint (year-end)
Threshold (US persons abroad)
$200,000 single / $400,000 joint (year-end)
Penalty
$10,000 minimum per failure
FBAR (FinCEN 114)
Filed with
FinCEN / US Treasury (separate from tax return)
Threshold
$10,000 aggregate at any time during the year
Applies to
All US persons regardless of where you live
Penalty
Up to $16,000+ non-willful, much higher if willful
Eligibility for the IRS Streamlined Filing Compliance Procedures requires certification of non-willful conduct under penalty of perjury. We assess fit on a case-by-case basis before recommending this path.
Not sure if you need to file?
A short consultation can help us assess your foreign assets and determine your FATCA and FBAR filing obligations.
