List accounts before applying thresholds
Start with bank, brokerage and other financial accounts, including joint accounts and relevant signature authority. Record the highest balances and retain the source statements.
FBAR and FATCA reporting
FBAR and FATCA reporting require a careful review of your foreign accounts and assets, even when they produce little or no income.
Talk to our team
Achim von BodmanCFP
FBAR and Form 8938 are different
These are separate reporting regimes with different tests and submission routes. Completing one does not automatically satisfy the other. We review the relevant requirements for your situation.
Check the combined balance
FBAR can apply when the aggregate value of foreign financial accounts exceeds USD 10,000 at any time during the calendar year. Form 8938 has separate thresholds that depend on circumstances.
Missing earlier reports?
Tell us the years involved and whether the IRS or another authority has contacted you. The appropriate correction route depends on the facts; do not choose a procedure solely from a checklist.
Make the next move
with the facts in hand.
FBAR and FATCA reporting require a careful review of your foreign accounts and assets, even when they produce little or no income.
Let’s talk it throughAchim von BodmanCFP · Dimov Tax
More than a name
on your return.
Work with a team you can put a face to. Start with your situation, agree the scope and know what records are needed.
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Your next move.
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