International reporting
FATCA reporting, done correctly.
If your foreign financial assets are above the FATCA thresholds, you'll need to report them on Form 8938 with your tax return. We make it clear.
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Service
FATCA Reporting
What's included
- Threshold analysis based on your filing status
- Form 8938 preparation with your return
- Coordination with your FBAR filing
- Foreign income reporting on your return
- Foreign tax credit review (Form 1116)
Sound familiar?
FATCA and FBAR are often confused
- Different thresholds apply depending on filing status and where you live
- Some assets are reportable for FATCA but not FBAR — and vice versa
- Foreign mutual funds and insurance policies can raise extra questions
- Penalties can apply for failing to file
The service
How FATCA reporting works
The Foreign Account Tax Compliance Act requires certain U.S. taxpayers to report specified foreign financial assets on Form 8938, filed with their annual income tax return.
For single filers living in the U.S., reporting generally applies when foreign assets exceed $50,000 on the last day of the year or $75,000 at any time during the year. Thresholds are higher for joint filers and for taxpayers living abroad.
- Threshold analysis based on your filing status
- Form 8938 preparation with your return
- Coordination with your FBAR filing
- Foreign income reporting on your return
- Foreign tax credit review (Form 1116)
Who needs it
- U.S. taxpayers with significant foreign bank or investment accounts
- NRIs with Indian fixed deposits, mutual funds or shares
- People holding interests in foreign entities or foreign pensions
- Taxpayers who also file FBAR and want both handled together
Documents to have ready
- Year-end and highest balances for each foreign account
- Foreign investment, mutual fund and share statements
- Details of foreign pensions, insurance or entity interests
- Foreign income and foreign tax paid
- Your FBAR details, if you file one
Don't have everything? Start anyway — we'll tell you exactly what's missing.
Process
How it works
What to expect with our FATCA Reporting service.
- 01
Tell us about your situation
Share a few details online or by phone so we understand what you need.
- 02
Upload your documents
Send your documents through our secure upload — from your phone or computer.
- 03
Professional review
We identify reportable assets, test them against your threshold and coordinate with your FBAR.
- 04
File & track
Form 8938 is filed with your tax return, and we give you a summary for your records.
The details
Forms, deadlines and common mistakes
What the FATCA Reporting process involves, so you know what to expect before you start.
Forms involved
- Form 8938
- Statement of Specified Foreign Financial Assets, attached to your tax return
- Form 8621
- Often needed for foreign mutual funds treated as PFICs
Key deadlines
- With your tax return
- April 15, or October 15 with an extension
A due date on a weekend or legal holiday moves to the next business day. See all tax deadlines.
Common mistakes we fix
- Using the wrong threshold — it depends on filing status and whether you live in the U.S. or abroad
- Reporting accounts but forgetting foreign shares or funds held directly
- Not filing the FBAR as well when foreign accounts exceed $10,000
Pricing
Fees depend on how complex your situation is — for example the number of forms, states, accounts or years involved. You get a quote before any work begins, and there is no charge for the first conversation.
Official sources
General information, not advice for your situation. Read our disclaimer.
Prepared by professionals. Explained clearly.
- Registered Electronic Return Originator (ERO) with the IRS
- Returns prepared by CPAs, CAs, EAs and PTIN-holding tax professionals
- Practice guided by IRS Circular 230
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FATCA Reporting FAQs
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