If you have $10,000 or more (USD equivalents included) in a foreign bank or financial account (at one institution or spread across multiple accounts) at any point during the calendar year, you will be required to file the FBAR.
Start My Tax PrepYour FBAR Filing Made Easy
Deciphering the complexities of FBAR filing can be a daunting task, especially for expatriates. But the good news is, you don’t have to navigate this process alone.
Greenback Expat Tax Services is your reliable partner in all matters related to US taxes. Our dedicated team, composed of experienced CPAs and IRS Enrolled Agents, has successfully guided hundreds of American expats worldwide in accurately and punctually filing their FBARs. We’re here to extend the same expert service to you.
For a flat rate of $105, we handle the preparation and electronic submission of your FBAR, covering up to 5 accounts.
We’ve designed our FBAR filing service with your convenience in mind. Simply reach out to us, and we’ll manage the rest.
Say goodbye to FBAR filing headaches with Greenback!
FBAR Filing Requirements
If you are a US citizen or resident with foreign bank and financial accounts totaling more than $10,000 in a calendar year, you are obligated to file an FBAR. It applies to checking, savings, investment, and retirement accounts, as well as mutual funds.
Your FBAR Filing Journey with Greenback
- Create an account: Fill out our Get Started form and confirm your email to get access to your Tax Companion account.
- Meet your accountant: You’ll be emailing directly with your accountant throughout the entire process, for the most personalized tax experience.
- Gather your financial information: We will provide you with a clear list of all the details you need to submit.
- Let us handle the filing: Your accountant will accurately prepare and electronically file your FBAR on your behalf.
- Review and approve: We’ll present the finalized FBAR for your approval before submission to the US Treasury Department.
Foreign Bank Account Reporting Cost: $105+ USD
Price covers up to 5 accounts. Each additional 5 account block costs $50.
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FBAR Filing Service Cost
The cost to file your FBAR (Foreign Bank Account Report) is $105, which includes up to five accounts. For each additional block of five accounts, there is an additional fee of $50.
For this fee, Greenback will meticulously prepare and submit your FBAR. FBAR filing is required for all individuals with foreign financial accounts exceeding $10,000 at any point in the year.
Why Choose Greenback?
Choosing Greenback means putting your trust in a team of specialists who understand the unique tax needs of US expats. We’ve helped over 14,000 expats navigate their US tax responsibilities, and we’re committed to making the process as simple as possible for you.
- Expat-Expert Accountants: At Greenback, we’re more than just a team of CPAs. We’re expat tax and FBAR filing specialists. Our knowledge distinguishes us from the rest, ensuring your FBAR compliance is managed by seasoned experts.
- Personalized FBAR Guidance: Each client at Greenback is matched with a dedicated accountant who offers customized FBAR filing solutions. We cater to your unique requirements, guiding you through each step of the filing process.
- Seamless FBAR Filing: We’ve adopted a digital-first approach to make your FBAR filing straightforward and manageable. Our user-friendly online document-sharing platform ensures an efficient, seamless service – simplifying the FBAR filing process for you.
- Uncompromising Security: At Greenback, we prioritize your privacy. Our bank-grade security measures and 256-bit encryption secure your documents and maintain the confidentiality of your information. With us, you’re ensured utmost peace of mind.
- Transparent Pricing: With Greenback, there are no hidden fees. Our clear, flat-fee pricing policy ensures you’re fully aware of what you’re paying for. We believe in complete transparency, especially when it comes to costs.
Choose Greenback for your FBAR filing needs. Experience the peace of mind that comes with our expert, efficient, and secure services.
Need Additional Support? Greenback Is Here for You
We offer a range of services designed to help US expats stay in compliance with their tax responsibilities. Whether you need assistance with FATCA reporting, filing your federal return, or any other US expat tax requirements, our team is here to provide the expertise and support you need.
If you’re interested in using our FBAR service independently of a full tax return preparation, we’re more than happy to assist.
Foreign Bank Account Reporting Cost: $105+ USD
Price covers up to 5 accounts. Each additional 5 account block costs $50.
Get Started Now
FBAR Filing Pricing & Service
Do I Need to File an FBAR or FATCA If My Income Is Below the US Tax Filing Requirement?
Yes, regardless of your income level, you are obligated to file an FBAR if the cumulative value of your foreign accounts exceeds $10,000 at any point during the tax year. This total includes the combined balance of all your overseas accounts, not just one.
Furthermore, it’s advisable to submit a Foreign Account Tax Compliance Act (FATCA) report via a Federal Tax Return if your assets cross the FATCA filing threshold. Non–compliance could result in a failure–to–file penalty of $10,000. For individual filers, the FATCA reporting requirement is triggered if the value of specific foreign assets amounts to $200,000 or more on the last day of the tax year or exceeds $300,000 at any time during the year. For joint filers, these thresholds are $400,000 and $600,000, respectively.
By fulfilling your FATCA reporting duties, you can mitigate any potential issues stemming from non–disclosure.
Can Greenback file FBAR for me without a full tax return filing?
Absolutely! At Greenback, we understand that each individual’s tax situation is unique. If you only need assistance with the Report of Foreign Bank and Financial Accounts (FBAR) filing, we’re here to help. Our experts can manage your FBAR submission independently of a full tax return filing, ensuring you comply with all requirements and meet your reporting obligations accurately and on time.
What if I am behind on FBAR filings?
Don’t worry, we’ve got you covered. If you’re behind on your FBAR filings, Greenback can help you get back on track. We have extensive experience in helping clients with the IRS’ streamlined filing compliance procedures and the delinquent FBAR submission procedures.
Our team will guide you through the process, helping you to catch up on your filings, minimize potential penalties, and regain your peace of mind. It’s crucial to address any delinquent FBAR filings promptly to avoid hefty penalties, and we’re here to make that process as straightforward and stress–free as possible.
