Kewal Krishan & Co, Accountants | Tax Advisors

FBAR Filing Services

Stay Compliant with U.S. Foreign Bank Account Reporting
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Do You Have Foreign Bank Accounts? Ensure IRS Compliance with FBAR Filing

If you are a U.S. citizen, green card holder, or resident with foreign bank accounts exceeding $10,000, you are legally required to file the Foreign Bank Account Report (FBAR) with the Financial Crimes Enforcement Network (FinCEN). Failing to file FBAR (FinCEN Form 114) on time can result in severe IRS penalties and audits, even if you don’t owe taxes.

At Kewal Krishan & Co., we provide expert FBAR filing services to ensure compliance with IRS and FinCEN regulations. Whether you hold offshore bank accounts, foreign mutual funds, or international business accounts, we help you file correctly, avoid penalties, and stay compliant.

Our FBAR
Filing Services

FBAR Eligibility Assessment & Compliance Review

  • Determining if you meet the $10,000 FBAR filing threshold.
  • Reviewing multiple foreign accounts to ensure proper reporting.

FBAR (FinCEN Form 114) Preparation & Filing

  • Completing and submitting FBAR filings accurately and on time.

  • E-filing directly with FinCEN to ensure smooth processing.

Late FBAR Filing & Penalty Abatement

  • Helping clients file overdue FBARs under IRS amnesty programs.

  • Requesting penalty relief for non-willful FBAR violations.

FATCA Compliance & Foreign Asset Reporting (Form 8938)

  • Determining whether you need to file FATCA (Form 8938) along with FBAR.
  • Ensuring all foreign financial assets are properly reported to the IRS.

Foreign Business Accounts & Trust Reporting

  • Filing FBAR for businesses with offshore accounts or international subsidiaries.
  • Ensuring compliance for foreign trusts, estates, and partnerships.

U.S. Expats & Dual Citizens FBAR Filing

  • Assisting expats and dual citizens in filing FBAR while living abroad.
  • Advising on U.S. tax implications of holding foreign financial accounts.

Cryptocurrency & Digital Asset FBAR Compliance

  • Determining if foreign cryptocurrency exchanges require FBAR filing.
  • Guidance on emerging FinCEN rules for digital asset reporting.

FBAR Filing for High-Net-Worth Individuals & Businesses

  • Managing complex FBAR filings for individuals with multiple foreign accounts.
  • Ensuring compliance for businesses operating internationally.

IRS Streamlined Filing Compliance for Non-Filers

  • Helping taxpayers correct past FBAR non-compliance with reduced penalties.
  • Assisting with IRS amnesty programs for unreported offshore accounts.

Industry-Specific
FBAR Solutions

U.S. Expats & Foreign Residents

  • FBAR compliance for Americans living abroad with foreign bank accounts.
  • Reporting foreign retirement accounts and investment holdings.

High-Net-Worth Individuals & Investors

  • Managing FBAR reporting for global investments and offshore wealth structures.
  • Ensuring tax compliance for foreign securities, bonds, and hedge funds.

E-Commerce & Online Business Owners

  • Filing FBAR for PayPal, Stripe, and offshore payment accounts.
  • Reporting international transactions and foreign financial holdings.

Real Estate Investors & Property Owners

  • FBAR filing for U.S. persons holding foreign real estate through offshore accounts.
  • Ensuring compliance for property income deposited in foreign banks.

Import & Export Businesses

  • FBAR compliance for businesses with international bank accounts.
  • Tracking foreign business transactions and trade finance accounts.

Cryptocurrency Traders & Investors

  • Assessing whether offshore crypto exchanges require FBAR reporting.
  • Guidance on future FinCEN regulations for digital asset compliance.

International Students & Visa Holders in the U.S.

  • FBAR filing for foreign students in the U.S. with accounts in their home country.
  • Avoiding IRS penalties for non-disclosure of foreign financial assets.

Freelancers & Digital Nomads

  • Ensuring compliance for remote workers using foreign bank accounts.
  • Reporting overseas payment processors and multi-currency accounts.

Foreign-Owned U.S. Businesses

  • FBAR compliance for foreign companies with U.S. owners.
  • Reporting foreign business accounts held by U.S. shareholders.

Have questions?

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