FATCA Asset Reporting (Form 8938)

Clear, Confident FATCA Reporting for Your Global Assets

Services Overview

Maintain transparency on every horizon—report assets with clarity.

FATCA demands precise disclosure of specified foreign assets. Provide your holdings; we prepare Form 8938, calculate thresholds, and integrate disclosures with your return—keeping you ahead of penalties.

Frequently Asked Questions

How do FATCA thresholds differ for expats?

Living abroad raises thresholds: $200K single/$400K joint at year-end (peak $300K/$600K), compared to $50K single/$100K joint domestic at year-end (peak $75K/$150K).

Which assets are “specified”?

Foreign accounts, pensions, annuities, equity interests, and certain insurance contracts—all must be assessed for reporting, as well as interest in foreign entities.

FATCA vs. FBAR—what’s the distinction?

FATCA is on Form 1040 with higher thresholds and asset scope; FBAR covers accounts over $10K filed via BSA E-Filing.

What are the exact FATCA penalties?

Initial penalty $10,000, plus $10,000 for each 30-day late period (up to $50,000 total).

Can past FATCA filings be amended?

Yes. We amend prior 1040s to include Form 8938 or use Streamlined Procedures when eligible.

Next Steps

Chart a transparent asset course—complete the contact form below or embark by setting up your account.

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