GuruTaxPro

FBAR​

Trust our experts to help you with a hassle-free FBAR compliance process

As a business owner or an individual you will need to comply with FBAR – Report of Foreign Bank and Financial Accounts if you are a signatory authority over a foreign financial account. A report (not tax) needs to flied with the US government to ensure compliance. Our dedicated team of experts will file the FBAR reports on your behalf and ensure legal compliance. This in turn, helps you avoid penalties.

 

Why worry about hiring in-house compliance staff when we can handle all of your foreign compliance requirements to the dot. We offer effective, error-free and cost-effective foreign compliance solutions that would allow you to run your business in a hassle-free and efficient manner.

How GuruTaxPro helps

Our team collects all details regards your FBAR and conducts the assessment before filing Form 114 to ensure your FBAR compliance –

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Collecting Financial Data

Young business professionals discussing work documents

Assess Financial Accounts

Account Assets Audit Bank Bookkeeping Finance Concept

File FinCEN Form 114

Reading glasses and blank with word AUDIT on a blue background

Audit Penalities

Who must file FBAR

US Citizen

US Resident

Trust

Estate

Corporation

LLP

Partnership

The following Financial accounts must be reported

  • Bank accounts
  • Mutual funds accounts
  • Brokerage accounts
  • Insurance policy
  • Public Provident Fund
  • Gold in bank locker

When to file FBAR

  • 15th April: Due date for filing FBAR
  • 15th October: Automatic extension date for all who miss 15th April
  • Further extension: In case of natural disasters

Advantages of GuruTaxPro