We make the FBAR process simple, transparent, and stress-free, helping you meet your US reporting obligations with confidence.
FBAR Done Right
Our FBAR service helps you report your foreign accounts with confidence through a simple, secure, and efficient process.
Accurate and timely filing to help you avoid costly IRS penalties.
Work with experienced expat tax professionals who specialize in foreign account reporting.
Secure online filing system keeps your financial information protected at every step.
The FBAR (Foreign Bank Account Report), officially known as FinCEN Form 114, is a required filing for U.S. persons who have foreign financial accounts totaling more than $10,000 at any point during the year. It’s submitted electronically to the Financial Crimes Enforcement Network (FinCEN), separate from your tax return.
Even if your foreign accounts do not earn any income, the FBAR must still be filed if the balance threshold is met. Failure to file can result in significant penalties, making accurate and timely filing essential.
You are required to file an FBAR if:
You are a US citizen, Green Card holder, or resident alien, including those living abroad.
You had foreign bank accounts, such as checking, savings, investment, or pension accounts, with a combined value exceeding $10,000 at any time during the calendar year.
You have signing authority or joint ownership of a foreign account, even if the funds aren’t yours.
This includes accounts held in:
Foreign banks or financial institutions
Brokerage or investment accounts abroad
Pension accounts
Business accounts you control or co-own
Our FBAR filing service is designed to give you peace of mind knowing your foreign account reporting is handled accurately and securely. We take care of every detail, from reviewing your accounts to submitting the report electronically, so you can focus on your life abroad.
Here’s what’s included in our FBAR Service:
Comprehensive review of your foreign financial accounts
Guidance on which accounts to report, including personal, joint, business, pension, and investment accounts.
Currency conversions based on the annual Treasury exchange rates to ensure accurate reporting
Preparation and electronic submission of FinCEN Form 114
Assistance with late or prior-year FBARs, including support for the Streamlined Filing process.
We make the FBAR process simple, transparent, and stress-free, helping you meet your US reporting obligations with confidence.
We specialize in helping Americans living abroad navigate complex IRS rules, ensuring you stay compliant while minimizing your tax burden.
You work directly with experienced CPAs who understand your unique situation—not a generic call center.
Wherever you are in the world, we make filing easy with secure online document sharing and virtual consultations.
As part of our service packages, we offer not only FBAR and tax preparation but also strategic tax planning to help your minimize your tax burden.
Our Process
Simply contact us or send an email to info@universaltaxprofessionals.com . One of our expat tax professionals will review your situation, explain what information we need, and guide you through our secure online process to begin your FBAR filing.
We’ll need a list of your foreign accounts, including the bank name, account number, and the highest balance during the year. Don’t worry, we’ll send you a simple form to complete and explain exactly what details are required.
Yes. Our team regularly assists clients with late or delinquent FBAR filings, including those eligible for the Streamlined Filing Compliance Procedures. We’ll help you get caught up and minimize any potential penalties.
Once we receive your account information, we typically prepare and file your FBAR within one to two weeks.
Whether you’re unsure about your FBAR filing requirements or already know you need to report your foreign accounts, Universal Tax Professionals is here to guide you every step of the way.
Our expat tax experts know the ins and outs of FBAR filing for Americans living abroad. With our secure and efficient service, you can file with confidence, knowing your foreign accounts are reported accurately and your peace of mind is protected.
