What is an FBAR? Do I need to file an FBAR?
Please take a look at our tax guide here.
The reporting process
(1) The assignment and data transfer
In order to assign us with the filing of an FBAR, you must first have a customer account. If you do not have a customer account yet, you can create one here.
In your customer account you can upload a message or you can use our contact form to engage us. We will then provide you with a document requesting the information and documents required for the FBAR filing in your customer account. If original documents are required, they must be sent to us by mail. Otherwise, all information or documents will be uploaded via your customer account.
(2) How to file
FBAR is filed electronically. You don’t file the FBAR with your federal tax return.
To file the FBAR on your behalf we use FinCEN Report 114a, Record of Authorization to Electronically File FBARs, to be authorized to do so.
If the IRS begins an FBAR examination as a result of an examination under the Internal Revenue Code, such as an income tax exam you can authorize us using Form 2848, Power of Attorney and Declaration of Representative,. Complete Line 3, Acts Authorized, as follows:
- Under Description of Matter – Matters relating to Report of Foreign Bank and Financial Accounts or “FBAR Examination”
- Under Tax Form Number – FinCEN Form 114
- Under Year(s) or Period(s) – applicable calendar year(s)
Please see our current Price List.