Your Trusted Partner for Every Tax Season
FBAR (FinCEN Form 114) and FATCA (Form 8938) regulations are complex and carry heavy penalties for non-compliance. Our IRS-Registered agents and CPAs build lasting relationships through accurate, ethical, and stress-free filing for every global client.
Proactive Compliance Strategy
We conduct a rigorous analysis of your global financial interests, evaluating every foreign account, investment, and asset against current FinCEN and IRS thresholds. Our specialized team guides you through the complexities of international reporting, ensuring every disclosure is accurate and submitted well ahead of federal deadlines to protect you from severe penalties.
FinCEN Form 114 (FBAR) Reporting
Hidden Content (revealed on click): Detailed reporting for aggregate foreign account balances exceeding $10,000 at any point during the calendar year.
IRS Form 8938 (FATCA) Disclosure
Hidden Content (revealed on click): Specialized filing for specified foreign financial assets based on individual residency and specific value thresholds.
Penalty Abatement & Streamlined Filing
Hidden Content (revealed on click): Expert assistance for late disclosures through IRS voluntary disclosure programs to minimize or eliminate non-willful penalties.
The Client Reality: Global Assets Shouldn't Lead to Global Headaches
Having financial interests outside the U.S. is a sign of success, but it often comes with a heavy burden of complex reporting. The fear of massive penalties for non-disclosure is real, and navigating the differing thresholds for FBAR and FATCA can be exhausting. You need more than a form-filler; you need a team that understands international tax law and uses the best tools to protect your global footprint.
International compliance requires a high level of scrutiny. We combine Deep Human Expertise with Advanced Diagnostic Tools to ensure you are 100% compliant.
Specialized Compliance for Global Asset Holders
Expert
Human Intervention
Global Asset Mapping: Our professionals work with you to identify every reportable account, including bank accounts, brokerage accounts, and foreign life insurance.
Threshold Analysis: We manually evaluate your peak account balances against IRS and FinCEN thresholds to determine exactly which forms are required.
Cross-Border Expertise: Our team understands the nuances of foreign currency and international banking structures that automated software often misses.
Advanced Professional Tools
Automated Currency Conversion: We utilize professional tools to calculate peak balances using the exact Treasury-mandated exchange rates for every filing year.
Compliance Diagnostics: Our systems cross-check your data against the latest FinCEN and IRS reporting requirements to ensure zero errors.
Secure Data Vault: International financial data is sensitive. We use bank-level encryption to protect your global account information throughout the process.
Global Asset Protection Goes Beyond Reporting
Compliance accuracy rate for complex international disclosures.
Successful FBAR and FATCA filings managed by our expert team.
Proven Results in Global Compliance
We empower international asset holders to navigate complex IRS and FinCEN requirements with total confidence. By combining senior human oversight with precision diagnostic tools, we eliminate the risk of heavy non-disclosure penalties.
Your Path to Compliance
Asset Inventory (The Human Touch)
You provide details of your foreign holdings through our secure portal. A dedicated expert reviews your accounts to identify your specific reporting obligations.
Valuation & Conversion (The Tech Edge)
Our tools automatically calculate the “highest balance” for each account and convert them into USD based on official historical exchange rates.
Specialized Reporting
Our team prepares the necessary specialized filings, including FinCEN Form 114 (FBAR) and IRS Form 8938 (FATCA), tailored to your residency status.
Secure Transmission
Once you review and approve, we electronically file your reports through secure government channels, providing you with instant confirmation of receipt.
Client Experiences That Speak for Themselves
“Redeem Tax made my tax filing stress free. Their expertise saved my time and money”
“Exceptional service! Their team explained everything clearly and got me a great refund”
“I felt supported every steps of the way. Highly recommended Redeem Tax for personalized service”
FBAR & FATCA FAQ’s
Common Questions on FBAR & FATCA
What is the difference between FBAR and FATCA reporting?
While both involve reporting foreign assets, they serve different purposes and have different thresholds.
FBAR (FinCEN Form 114): Focused specifically on foreign bank and financial accounts. You must file if the aggregate value of all foreign accounts exceeds $10,000 at any time during the calendar year.
FATCA (IRS Form 8938): Focused on a broader range of specified foreign financial assets, including foreign stock, interests in foreign entities, and certain foreign insurance policies. The thresholds for FATCA are generally higher and vary based on your tax filing status and residency.
What happens if I miss a filing deadline?
The penalties for non-compliance can be severe, often starting at $10,000 per violation for non-willful failures to file. Our team specializes in Streamlined Filing Compliance Procedures, a process that allows taxpayers to catch up on past-due filings while significantly reducing or eliminating potential penalties.
How does your "Human + Tech" approach protect me?
Standard software often misses the nuances of international banking.
The Tech: We use precision diagnostic tools to handle automated currency conversions using official Treasury-mandated exchange rates, ensuring 100% mathematical accuracy.
The Human: Our senior tax professionals manually review your global asset map to identify reportable accounts that algorithms often overlook, such as foreign pension plans or signature authority accounts.
I live outside the U.S. Do I still need to file?
Yes. The U.S. taxes on global income, regardless of where you live. If you are a U.S. citizen or resident alien with foreign financial interest or signature authority over foreign accounts, you likely have an FBAR or FATCA reporting requirement.
Is my international financial data secure with your firm?
Absolutely. We recognize that international financial data is highly sensitive. We utilize a Secure Data Vault with bank-level encryption to ensure your global account information is protected throughout the analysis and filing process.
Can you help me if I have a foreign trust or corporation?
Yes. Our Foreign Asset Reporting services extend beyond basic bank accounts to include complex structures like foreign trusts and corporate interests. Our team provides specialized reporting to ensure these entities are fully disclosed and compliant with international tax laws.