FBAR & International Tax Resource Center
FBAR, FATCA and foreign assets, reported correctly and fixed safely.
Guides for US citizens, green card holders and visa holders with bank accounts, investments, property, businesses or family abroad, including the safest ways to fix missed years.
Guides
10 plain-English guides
FBAR for NRE, NRO and fixed deposit accounts in India
How US residents report Indian NRE, NRO, fixed deposit and other accounts on the FBAR and Form 8938, and why NRE interest is taxable in the US.
Read the guideFBAR for accounts you only have signature authority over
When you must file an FBAR for foreign accounts you can sign on but don't own, including employer, family and business accounts.
Read the guideHow to calculate maximum account value for the FBAR
How to determine the maximum value of each foreign account for the FBAR, which exchange rate to use, and how to handle closed and negative accounts.
Read the guideLate FBARs: the Delinquent FBAR Submission Procedures
How to file late FBARs without penalty when all foreign income was reported, who qualifies and how to file.
Read the guideFBAR penalties: willful and non-willful violations
How FBAR penalties are calculated for non-willful and willful violations, what counts as willful, and the statute of limitations.
Read the guidePFICs and Form 8621: Indian and other foreign mutual funds
Why foreign mutual funds are PFICs, how they are taxed, the mark-to-market and QEF elections, and when Form 8621 is required.
Read the guideStreamlined Domestic vs Streamlined Foreign Offshore Procedures
How the Streamlined Domestic and Foreign Offshore Procedures differ in eligibility, filings and penalties, and how to choose.
Read the guideSelling property in India: US tax rules for residents
How US residents are taxed on selling a house or land in India, how to compute gain in dollars, foreign tax credits and reporting the proceeds.
Read the guideForeign tax credit on Form 1116: avoiding double tax
How the US foreign tax credit works, the passive and general categories, the limitation, the simplified election and carryovers.
Read the guideJoint accounts with parents abroad: FBAR and tax reporting
How to report joint bank accounts held with parents or relatives abroad on the FBAR and Form 8938, and whose income the interest is.
Read the guideIn depth
Services and in-depth pages
FBAR Filing Services
FBAR filing for US persons with foreign bank and financial accounts: who must file FinCEN Form 114, the $10,000 threshold, deadlines, penalties after…
FATCA Form 8938 Reporting
Form 8938 under FATCA (IRC 6038D): who must file, filing thresholds for residents and expats, how it differs from the FBAR, penalties and the…
Offshore Disclosure, SDOP & FBAR Compliance Advisors
Streamlined Domestic Offshore Procedures (SDOP), Streamlined Foreign Offshore Procedures, late FBAR and international information return filings, and…
Streamlined Filing (SDOP/SFOP) for NRIs & Expats
Streamlined Domestic and Foreign Offshore Procedures for NRIs and expats with unreported Indian or other foreign accounts: NRE/NRO accounts, fixed…
Form 5471 Services
Form 5471 for US owners, officers and directors of foreign corporations, including Indian private limited companies: filing categories, Subpart F and…
Form 8865 Services
Form 8865 for US persons with interests in foreign partnerships and LLPs: filing categories, contributions and transfers, penalties and how to fix…
Form 3520 Services
Form 3520 for gifts and inheritances from parents and relatives abroad, foreign trust distributions and Form 3520-A: thresholds, deadlines, penalties…
Expat Tax Services
US tax returns for Americans and green card holders living abroad: the foreign earned income exclusion, foreign tax credit, FBAR and Form 8938, state…
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