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      • Business Tax Services
      • CTA Reporting
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      • Business Accounting
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      • FBAR Services
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      • Nonprofit F990 Taxes
      • Financial Reporting
    • Tax | FBAR Services
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      • Business Tax Services
      • Nonprofit F990 Taxes
      • Tax Planning & Advice
      • Tax Accounting
      • International Tax
      • Tax Refund Status
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  • Business Services
    • Business Tax Services
    • CTA Reporting
    • Controller | CFO Services
    • Business Accounting
    • Financial Reporting
    • Bookkeeping and Payroll
    • Tax Accounting
    • Tax Planning & Advice
    • Business Advisory
    • Multinational Businesses
    • FBAR Services
  • Nonprofit Services
    • Nonprofit F990 Taxes
    • Financial Reporting
  • Tax | FBAR Services
    • Tax Preparation
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    • Business Tax Services
    • Nonprofit F990 Taxes
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    • International Tax
    • Tax Refund Status
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Foreign Bank and Financial Accounts Reporting

CPA Prepared Foreign Bank and Financial Accounts Reports (FBARs)

Our CPA firm assists U.S. individuals, multinational clients and businesses to professionally meet their Foreign Bank and Financial Accounts Reporting (FBAR) obligations in accordance with U.S. Treasury Department Financial Crimes and Enforcement Network regulations.  

Protect Yourself and Your Foreign Assets

Under the Bank Secrecy Act and U.S. Treasury Department Financial Crimes and Enforcement Network regulations,  individuals and entities (including  U.S. citizens, residents, corporations, business partnerships, limited liability companies, trusts and estates) with financial interest in or signature or other authority over at least one financial account located outside the United States are required to file annual Foreign Bank and Financial Accounts Reports (FBAR).


Failing to properly and timely file reports of foreign bank and foreign financial accounts results in steep penalties, which in some cases have been as high as 50% of the highest account balance for "each account for every year" that the account(s) remained open during the required reporting period. 


Whether a foreign account produced taxable income has no effect on whether the account must be reported as a “foreign financial account” for FBAR purposes. Having foreign investments or pensions may also trigger legal requirements for annual FBAR filing.  


The most common reporting mistake is failing to file an FBAR. 


In many cases, Americans living and working outside the U.S., recent immigrants, foreign citizens who are residents in the U.S., and U.S. children who received gifts or bequests from their foreign parents are often unaware of the FBAR filing obligations. However, unknowingly failing to file FBARs does not shield someone from the U.S. Treasury Department's Financial Crimes and Enforcement Network regulations and potential penalties.  


For assistance with your FBAR preparation and filing needs, please contact us at (571) 495-2227 or complete the services request form below. 


We're here to help.

Contact us today for assistance with your annual FBAR preparation and filing needs.   


Tel:  (571) 495-2BAS | (571) 495-2227 

Contact us for assistance

Other Multinational Client Services

Foreign Bank and Finacial Account Reporting

  • Foreign tax credits (Form 1118, Form 1116)
  • Tax Planning and Preparation for U.S.-based multinational businesses
  • Global tax strategies for U.S.-based multinational businesses with overseas subsidiaries
  • U.S. financial statements consolidation and preparation for international businesses
  • Foreign investment in real property tax act (FIRPTA) withholding exemptions
  • Pre-immigration tax planning for income and estate taxes

Learn about our other Multinational Client services

FBAR Services Request

Please tell us about your FBAR preparation and filing needs.

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Protect yourself and your foreign assets with professional Foreign Bank and Foreign Accounts (FBAR) preparation and filing assistance.

BAS Certified Public Accountant Firm

19465 Deerfield Ave., Suite 102, Lansdowne Virginia 20176, United States

(571) 495-2227

Hours

Open today

09:00 am – 05:00 pm

Professional fbar preparation services

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