FBAR Filing (FinCEN 114)
FinCEN ReportingNRIs with foreign account balances above the reporting threshold may need FBAR filing. We help prepare and submit accurate FinCEN 114 disclosures.
Check FBAR Requirement- FBAR Deadline: October 15 Extension Available
- Non-Willful FBAR Penalties Can Be Significant
- Indian Financial Accounts May Require Reporting
- Support for Late & Missed FBAR Filings
- 0+NRIs Assisted With FBAR Filing
- 0+ YearsUS Foreign Reporting Experience
- 0%Penalty-Free Filing Support Cases
- CA + CPA TeamCross-Border Tax Specialists
FBAR & FATCA SERVICES — USA
FBAR & FATCA Filing Solutions for NRIs in the USA
Support for FBAR filing, FATCA reporting, late disclosures, and IRS streamlined compliance for NRIs with Indian and overseas financial accounts.
FATCA Form 8938 Filing
IRS DisclosureGuidance for FATCA Form 8938 reporting covering Indian bank accounts, investments, mutual funds, and overseas financial assets.
Start FATCA FilingLate & Delinquent FBAR Filing
Back Filing SupportMissed prior-year FBAR filings? We assist with delinquent submissions and compliance support to help reduce penalty risks.
Fix Missed FBAR FilingsIRS Streamlined Filing Assistance
Penalty ReliefSupport for eligible NRIs using streamlined filing procedures for unreported foreign accounts and offshore disclosures.
Review Streamlined EligibilityIndia-USA Foreign Asset Reporting
Cross-Border ComplianceCoordinated reporting support for Indian bank accounts, foreign income, and overseas assets linked to US compliance obligations.
Discuss My Reporting NeedsForeign Asset Compliance Review
Annual ComplianceAnnual review support for NRIs with multiple foreign accounts, investments, rental income, or offshore financial disclosures.
Schedule Compliance ReviewFree FBAR Assessment
Handle Your Indian Bank Account Reporting in the USA with Confidence?
We provide free 30-minute sessions with no commitment from you. All your Indian accounts are checked as per the FATCA and FBAR thresholds.
INDIAN ASSET REPORTING REQUIREMENTS
Which Indian Assets Must NRIs Report Under FBAR & FATCA?
NRIs in the USA may need to report Indian bank accounts, investments, insurance policies, and other foreign financial assets under FBAR and FATCA rules.
NRE & NRO Bank Accounts
FBAR + FATCANRE, NRO, savings, current, and fixed deposit accounts held with Indian banks may require FBAR and FATCA reporting once combined balances cross reporting limits.
NRE/NRO Account GuideIndian Demat & Investment Accounts
FBAR + FATCAIndian stocks, mutual funds, ETFs, and brokerage accounts held through Demat platforms may need disclosure under FBAR and FATCA Form 8938.
Investment GuideIndian Real Estate Holdings
Foreign real estate itself is generally not reportable under FBAR. However, rental income, foreign accounts linked to the property, or certain ownership structures may trigger FATCA reporting.
Real Estate GuidePPF, EPF & NPS Accounts
FBAR + FATCAPPF, EPF, and NPS accounts may qualify as foreign financial assets and could require reporting for US tax and foreign disclosure purposes.
NPS GuideIndian Insurance Policies
FATCA ReportingLife insurance policies with surrender value issued in India may need disclosure under FATCA reporting requirements for NRIs in the USA.
Insurance GuideForeign Business & Partnership Interests
Additional IRS FormsOwnership in Indian companies, LLPs, partnerships, or private businesses may require additional US reporting forms beyond FBAR and FATCA.
Business Guide💡
The $10,000 Threshold is Aggregate, Not Per Account
If the combined maximum value of all your foreign accounts exceeded $10,000 at any single point during the year — even for one day — FBAR is required for all accounts, including those with small balances. SaveTaxs tracks maximum balances across all accounts to assess your exact obligation.
FBAR VS FATCA
FBAR (FinCEN 114) vs FATCA (Form 8938): Key Differences for NRIs
FBAR and FATCA both require US-based NRIs to disclose foreign financial assets, but the filing rules, thresholds, deadlines, and reporting requirements are different.
| Feature | FBAR | FATCA |
|---|---|---|
| Filed With | FinCEN BSA E-Filing System | Filed with IRS Form 1040 |
| Who Must File | US persons with foreign financial accounts exceeding reporting thresholds | US taxpayers holding specified foreign financial assets above FATCA limits |
| Threshold (Single Filers) | Combined foreign account balance above $10,000 at any time during the year | Foreign assets above $50,000 year-end or $75,000 anytime during the year |
| Threshold (Married Filers) | Combined foreign account balance above $10,000 at any time during the year | Foreign assets above $100,000 year-end or $150,000 anytime during the year |
| Indian Real Estate | Directly held real estate is generally not reportable | May become reportable if held through foreign entities or linked financial structures |
| PPF / NPS / Foreign Retirement Accounts | May require foreign account reporting | May qualify as specified foreign financial assets |
| Non-Compliance Penalties | Civil penalties may apply for missed or incorrect reporting | IRS penalties may apply for failure to disclose foreign assets |
| Filing Deadline | April 15 with automatic extension to October 15 | Filed with annual US income tax return deadlines |
| Late Filing Relief | Delinquent and streamlined filing options available | Streamlined compliance procedures may apply |
TRUSTED FBAR & FATCA SUPPORT FOR NRIs
Ready to Complete Your FBAR & FATCA Filing?
Get guidance on foreign account reporting, late filings, and FATCA compliance from experienced India-US tax professionals.
FBAR & FATCA PENALTIES
What's at Risk- FBAR and FATCA Penalties
There are severe penalties for exceeding the threshold limit in FBAR and FATCA, but what matters is the correct compliance. Connecting with Savetaxs provides you with a streamlined procedure, helping to reduce the penalties.
Up to $10,000+ per violation
Non-willful FBAR filing mistakes may result in civil penalties, depending on the facts, filing history, and IRS review.
Higher penalties may apply for willful non-reporting
Willful failure to disclose foreign accounts can trigger severe civil penalties and possible additional enforcement actions.
Penalties may continue for unresolved non-compliance
Failure to file Form 8938 may result in IRS penalties, especially if foreign financial assets remain undisclosed after notification.
Reduced penalty options may be available
Eligible NRIs with non-willful reporting gaps may qualify for streamlined filing procedures and lower offshore penalty exposure.
HOW OUR FBAR & FATCA FILING PROCESS WORKS
5-Step FBAR & FATCA Filing Process for NRIs
Our secure online process helps NRIs in the USA complete FBAR and FATCA compliance with structured documentation, reporting review, and filing support.
1
Compliance Requirement Review
We review your foreign accounts, Indian assets, filing history, and reporting obligations under FBAR and FATCA rules.
Initial Assessment2
Document Collection
Receive a structured checklist for bank accounts, Demat holdings, insurance policies, and foreign financial assets.
Secure Documentation3
Balance & Threshold Analysis
We calculate maximum account balances and assess applicable FBAR and FATCA reporting thresholds for accurate disclosure.
Threshold Review4
FBAR & FATCA Preparation
Our team prepares FinCEN 114 and FATCA Form 8938 filings with review support for IRS foreign asset reporting compliance.
Prepared & Reviewed5
Filing & Ongoing Support
We assist with filing submission guidance, compliance tracking, and future-year reporting reminders for NRIs.
Year-Round SupportTRUSTED FBAR & FATCA SUPPORT FOR NRIs
Ready to Complete Your FBAR & FATCA Filing?
Get guidance on foreign account reporting, late filings, and FATCA compliance from experienced India-US tax professionals.
WHY NRIs TRUST SAVETAXS FOR FBAR & FATCA FILING
FBAR & FATCA Filing Requires Accurate Cross-Border Guidance
NRIs with Indian bank accounts, investments, and foreign assets often face complex US reporting obligations. Our CA + CPA team helps simplify FBAR and FATCA compliance with structured filing support.
- Personalized Filing GuidanceWe review your foreign assets, filing history, and reporting requirements to recommend the appropriate FBAR and FATCA compliance approach.
- CA + CPA Cross-Border TeamOur India and US tax professionals coordinate foreign asset reporting, IRS disclosures, and Schedule FA consistency for NRIs.
- Coordinated India-US ComplianceWe help align Indian and US reporting disclosures to reduce inconsistencies across foreign income and asset reporting.
- Year-Round Compliance SupportGet reminders, reporting guidance, and ongoing support for future FBAR and FATCA filing obligations.
- FBAR Clients Advised600+
- Longest Back-Filing6 Years
- Penalty-Free Outcomes98%
- Streamlined Filings180+
- Team CertificationCA + CPA
- Response SLA48 hrs
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USA Business Tax FilingSTART YOUR FBAR & FATCA COMPLIANCE REVIEW
Get Expert Support for FBAR & FATCA Filing
Connect with cross-border tax professionals for guidance on FBAR filing, FATCA reporting, late disclosures, and Indian foreign asset compliance.
- Foreign Account Reporting Review — Assessment of Indian bank accounts, investments, and foreign financial assets for FBAR and FATCA reporting.
- Late Filing & Compliance Guidance — Support for delinquent FBAR filings, streamlined procedures, and foreign disclosure corrections.
- Cross-Border Tax Coordination — Guidance on Schedule FA, foreign income reporting, and India-US compliance consistency.
- Foreign Asset Threshold Analysis — Review of reporting thresholds, maximum balances, and applicable disclosure requirements.
- Structured Filing Support — Step-by-step assistance for document preparation, filing review, and ongoing compliance support.
🛡️Why Early FBAR Compliance Matters: Timely foreign asset reporting and correct filing procedures may help eligible NRIs reduce compliance risks and avoid unnecessary penalties.
Start Your Application
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- Book a Free CallBook a Free Call15 min · Free · Zoom or Google Meet
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- Send an EmailSend an EmailDetailed queries with structured expert response
600+NRIs Assisted With FBAR Filing
6+ YearsUS Foreign Reporting Experience
98%Penalty-Free Filing Support Cases
CA + CPA TeamCross-Border Tax Specialists
Frequently Asked Questions
Clear and Concise Answers to the Most Frequently Asked Questions for Better Understanding and Guidance
Failure to file out Form 8938 results in paying a penalty of $10,000 per year. This penalty can be up to $50,000 for not filing out the form even after receiving the notification from the IRS.
Well, it totally depends on your case type. In many scenarios, the process is straightforward. For example, if you have foreign assets only from foreign stocks and bank accounts, then your reporting requirement will be very minimal, and the details will be easy to gather.
The IRS requires the reporting of several types of financial assets annually. It includes investment accounts, foreign bank accounts, foreign life insurance, pension received from a foreign company, mutual funds, ownership in foreign trusts, partnerships, or companies, ownership of personal retirement accounts such as superannuation funds or ISAs, and other financial accounts.
The IRS wants you to do so because it has found errors in the tax rates of U.S. taxpayers with foreign income and assets when they file their returns. By asking them to mention their foreign ownership, the IRS gets the information of the taxpayers who are under-reporting their taxable income in the country.
The IRS has several tools and data that help it identify U.S. taxpayers who have not disclosed their complete assets and investments from overseas. So, if you haven't reported all your foreign income and assets, the IRS will still find out about it using its tools and data.