US Foreign Asset Reporting Compliance Services Guide

Read our detailed guides on US reporting obligations for NRIs, Expats, and Green Card holders with global income and foreign accounts.

FBAR Reporting

A Complete Guide to Foreign Bank and Financial Accounts (FBAR) Reporting for NRIs, Expats, and Businesses.

  • FBAR Filing
  • Foreign Accounts
  • Tax Reporting
  • NRI Banking
  • Financial Disclosure
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FBAR Reporting
FATCA Reporting

A Complete Guide to FATCA (Foreign Account Tax Compliance Act) Reporting for NRIs, Expats, and Businesses

  • Foreign Assets
  • Tax Compliance
  • NRI Reporting
  • US Regulations
  • Global Disclosure
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FATCA Reporting
PFIC Reporting

A Complete Guide to PFIC (Passive Foreign Investment Company) Rules and Their Impact on US Taxpayers, NRIs, and Expats

  • PFIC Filing
  • Foreign Funds
  • US Compliance
  • Form 8621
  • Tax Reporting
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PFIC Reporting

Simple & Accurate Foreign Asset Compliance Process

Whether you want to report your foreign assets or need guidance with FATCA filing, we have got you covered. Here is how we work:

With Savetaxs Protect Your Foreign Assets from US Tax Laws

At Savetaxs, our experts help you in completing your FATCA and FBAR filings on time and avoid penalties.

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Why We Are Your Best Bet?
  • Dedicated team of CPAs with expertise in US-India tax laws
  • Step-by-step process, with no hidden charges
  • 24*7 Customer support across all time zones
  • Clear & transparent communication with digital security
  • Global reach with year-round assistance
Here is What You Get
  • Preparation and filing for Form 8938 (FATCA)
  • Streamlined procedures for late tax filers
  • Expert advisory on foreign asset reporting
  • Penalty avoidance and IRS audit protection
  • Coordination with Form 1040, FBAR, and Schedule B

Know What Our Expat Clients Are Saying About Us

With years of service, we have helped thousands of US taxpayers and expats in foreign asset reporting and counting more.

Efficient and Quick

Excellent and responsive FBAR preparation services. In all respects, very helpful and understandable. Always responds quickly to your queries, whether it is US tax-related or foreign asset reporting.

PS
Paul Senat
Foreign Asset Reporting Made Easy

The experts at Savetaxs are responsive, solve all your foreign asset reporting queries, and make the whole filing process a breeze. I completely relied on their tips. The team is super helpful and ready to answer or guide you in every step of the process.

EH
Erin Holmes
Highly Recommended

I have been using the Savetaxs portal for several months and always find it professional and understandable. Far superior to other foreign reporting and US tax filing services I have used in the past. Recommended.

JR
Jerry Rickard
Streamlined US Tax Filing Services

I used their streamlined US tax filing services to catch up on my financial filings, tax returns, and sole proprietor business ownership tax forms. What would have taken me months to do, the portal did in a few weeks. Great expert service for people like me.

LG
Layonne Garmont
Amazing Experience

I had an amazing working experience with Savetaxs. I met the team in 2022, when my foreign assets were all over the place, but the experts were able to help me out. Also, every person in their team is very knowledgeable and helpful.

TR
Tyden Rothman
Excellent Services With Investor-Friendly Accounting

Savetaxs is an investor-friendly accounting portal. It always provides excellent support and services as per my requirements. The experts are truly knowledgeable and pleasant to work with.

VM
Victoria Macia
Simple to Follow Instructions

I have been using Savetaxs for foreign assets reporting for years and find the portal simple to use. If you have all your documents together, they will guide you at every step, and you can ask about things that you might forget to mention.

CT
Charlie Tutin
An outstanding Team That Helps You in Every Possible Way

The team at Savetaxs is outstanding. The experts at every step of your IRS filing guide you and answer all your queries on time. Also, they go above and beyond to help you during your tax filing.

GF
Gaelle Flynn
User & Pocket-Friendly

For years, I have been using this portal for my foreign asset and FATCA filing. It is both user and pocket-friendly. It is a wonderful portal. The experts literally go through everything to check whether you filed correctly or not.

RM
Ryan Mair
Great Portal

I have used Savetaxs for the first time for my 2024 foreign asset reporting. Super easy portal to use, and it was exactly what I was looking for. I especially loved the competitive prices it offers as per your requirements. I will surely use it again.

MK
Mayela Kneller

Know More About Foreign Asset & Reporting Blogs

Read our latest blogs and guides about foreign asset reporting in the US and stay updated with the taxation laws. Explore Blogs

Difference Between Federal and State Income Taxes

A Complete Guide to Understanding the Difference Between Federal and State Income Taxes in the US.

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What Is State Income Tax - Overview, How It Works And More

Learn how State Income Tax works, expert insights to understand rules, rates, and filing requirements, helping Individuals, NRIs, Expats, and Businesses

Read More
Standard Deduction vs Itemized Deduction - Which One To Choose

A Complete Guide to Standard Deduction vs Itemized Deduction. Choosing the Best Option for Maximum Tax Savings.

Read More
What Is Earned Income & the Earned Income Credit?

Expert guidance on Earned Income Credit to check eligibility, claim benefits, reduce tax liability, and maximize refunds for Individuals, NRIs, and Expats.

Read More
Know Your Tax Deadlines for 2025: When and Where to File?

A comprehensive guide on IRS tax filing deadlines, including tax extension dates, business tax deadlines, and quarterly estimated tax payments.

Read More
9 US States With No Income Tax

In this blog, we will learn about the 9 US states that have no income tax and compare them to gain a better understanding of their tax frameworks

Read More
Difference Between Residents And Non-Residents Aliens And Their Taxes

A Complete Guide to Understanding the Difference Between Resident and Non-Resident Aliens and Their US Tax Obligations.

Read More

US Tax Filing and Compliances
 
Business Formation & Compliance
 
NRI Moving Back to India
 
Business Tax Filing
 
Ready to Simplify Your US Tax Filing

With Savetaxs, simplify your US tax filing and, with accuracy, get maximum tax refunds, no matter how you file your IRS.

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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.

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.

Not all your foreign assets need reporting, and often minor differences in the held assets or in the asset type held outside the US make no big difference in the value of annual reporting. At Savetaxs, we help you know the rules, avoid pitfalls, and identify other investment options that meet your requirements without increasing your asset reporting in the US.

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