Who must file — FBAR (FinCEN 114)?

Any U.S. person (citizen, resident, domestic entity) with a financial interest in or signature authority over foreign financial accounts exceeding $10,000 in aggregate at any time during the calendar year.

Penalty — FBAR (FinCEN 114)?

Non-willful penalties exceed $10,000 per violation adjusted for inflation. Willful violations trigger the greater of $100,000 or 50% of account balance, plus criminal exposure.

Deadline — FBAR (FinCEN 114)?

April 15, with an automatic extension to October 15.

Individual & Expat Compliance

FBAR (FinCEN 114)

Report of Foreign Bank and Financial Accounts

Penalty: Non-willful penalties exceed $10,000 per violation adjusted for inflation. Willful violations trigger the greater of $100,000 or 50% of account balance, plus criminal exposure.
Deadline: April 15, with an automatic extension to October 15.
Who must file: Any U.S. person (citizen, resident, domestic entity) with a financial interest in or signature authority over foreign financial accounts exceeding $10,000 in aggregate at any time during the calendar year.
Statute of limitations: 6 years from the filing deadline.
Key parts & schedules: Part II (Individual Accounts) · Part III (Joint Accounts) · Part IV (Signature Authority)

Where filings usually fail

Believing the $10,000 threshold applies per account rather than aggregated across all accounts
Omitting foreign pension accounts, mutual funds, or foreign crypto custodians
Failing to convert foreign currencies using the official Treasury Year-End exchange rate

How we run it

Multi-currency peak balance reconciliation across all offshore banks
Streamlined Foreign Offshore Procedures for non-willful historical non-filing
Filing through the official BSA E-Filing System with instant transmission receipts

Next step

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Describe your situation in three lines. We map the filings before any work starts.

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