FOREIGN BANK ACCOUNT REPORTING
Do you own foreign bank accounts? Let´s check if you need to file a FBAR.
Set a virtual meeting with us today.
Foreign Bank Account Reporting (FBAR)
The Foreign Bank Account Report (FBAR) is an annual reporting requirement for US persons to disclose their financial accounts held outside the United States. If the aggregate maximum value of these foreign accounts exceeds $10,000 at any point during the year, the report must be filed.
Failure to file or late submissions can result in severe penalties. It is important to ensure you are compliant with this requirement.
We are here to help you navigate the FBAR filing process. Please note that the FBAR is filed separately from your federal tax return, and our team can assist you in submitting it accurately and on time.
PHONE: (703) 997-9273 (United States)
(503) 7955-7210 (El Salvador)
EMAIL: ack.cpa9@gmail.com
