FBAR & FATCA Filing
FinCEN 114, Form 8938, and complete foreign account compliance
Why Choose This
If you are a US person with foreign bank accounts, investments, or financial assets, you are likely required to file FBAR (FinCEN Form 114) and FATCA (Form 8938) reports every year. Penalties for non-compliance are severe — up to $10,000 per account for non-wilful violations and up to $100,000 or 50% of account balances for wilful violations. WeSaveTax ensures your foreign accounts are reported accurately and on time, every year.
FBAR Filing
We prepare and electronically file FinCEN Form 114 for all your foreign financial accounts — bank accounts, investment accounts, mutual funds, pension accounts, and insurance policies — ensuring every reportable account is disclosed.
Form 8938
We prepare FATCA Form 8938 (Statement of Specified Foreign Financial Assets) for assets exceeding IRS thresholds, coordinating with your tax return to ensure consistent reporting across all foreign asset disclosures.
Delinquent Filing
If you have missed FBAR or FATCA filings in prior years, we file delinquent reports with appropriate reasonable cause statements to minimise or eliminate penalties under IRS procedures for non-wilful taxpayers.
Streamlined Procedures
For US taxpayers and expats who qualify, we guide you through the IRS Streamlined Filing Compliance Procedures — filing three years of amended returns and six years of FBARs to bring you into full compliance without penalties.
How It Works
From first consultation to final delivery — fully managed by qualified Tax Professionals.
Step 01 — Inventory Foreign Accounts
Identify all reportable foreign financial accounts
We review your foreign bank accounts, investment accounts, NRE/NRO accounts, PPF, EPF, insurance policies, and any other financial accounts held outside the US. We determine which accounts are reportable under FBAR and FATCA rules.
Feature Deep Dive
Everything you need for seamless compliance
FinCEN Form 114 Filing
We electronically file your FBAR with FinCEN's BSA E-Filing System, reporting all foreign financial accounts where the aggregate value exceeded $10,000 at any point during the year. This includes bank accounts, brokerage accounts, mutual funds, and retirement accounts.
FATCA Statement
Form 8938 is filed with your tax return and reports specified foreign financial assets above IRS thresholds ($50,000 for domestic filers, $200,000 for expats). We ensure proper categorisation of each asset type and accurate maximum and year-end valuations.
Streamlined Offshore Procedures
For taxpayers who were unaware of their filing obligations, we prepare the complete streamlined filing package — three years of amended or delinquent tax returns, six years of FBARs, and the required certification statement — to achieve compliance without penalties.
PFIC Reporting
Foreign mutual funds, ETFs, and certain investment vehicles are classified as PFICs. We prepare Form 8621 for each PFIC holding and coordinate the reporting with your FBAR and Form 8938 disclosures for a consistent and complete filing.
WeSaveTax vs Others
See how we compare on what matters most
| Feature | WeSaveTax | Freelancer | DIY / Self |
|---|---|---|---|
| FBAR Filing | Self | ||
| Form 8938 | Extra Cost | ||
| Delinquent Filing | Risky | Varies | |
| Streamlined Procedures | Extra Cost | ||
| PFIC Reporting | Extra Cost | ||
| Pricing | From $199 | $500+ | $350+ |
What Our Customers Say
Join thousands of happy taxpayers across India
“Had NRE, NRO, and PPF accounts in India that I never reported on FBAR. WeSaveTax filed six years of delinquent FBARs through the streamlined procedures and I paid zero penalties. Incredible relief after months of anxiety.”
Sunil Mehta
Fremont, CA
“My husband and I have accounts in three countries and the FBAR/FATCA reporting was a nightmare. WeSaveTax handled everything — calculated the maximum values, filed both forms, and explained exactly what we need to track going forward.”
Jennifer Walsh
Boston, MA
“Did not realise my Indian mutual funds were PFICs or that my PPF needed FBAR reporting. WeSaveTax caught everything, filed the correct forms, and set me up so I will never miss a deadline again. Very knowledgeable team.”
Vikram Patel
Dallas, TX
Frequently Asked Questions
Quick answers to common questions
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