FBAR: Compliance and Reporting for Expats - Understanding the Foreign Bank Account Report (FBAR)

While FBAR (Foreign Bank Account Reporting) is mandatory for all US citizens, the requirement significantly impacts the daily lives of Americans living and working overseas. The government imposes steep fines for noncompliance, meaning that all expats who use foreign banks or financial institutions must be aware of FBAR rules. The good news is that, once you're aware, FBAR filing obligations are simple to follow. Get all the facts from our expert CPAs and EAs in our essential FBAR webinar!

After watching this video, you will learn:
- What is FBAR, why does it exist, and why Americans abroad must be aware of its implications?
- Which foreign financial accounts fall under FBAR reporting to ensure you can meet the requirements and avoid potential penalties?
- Which financial documents must you keep, simplifying the FBAR reporting process and minimizing stress?
- FBAR deadlines to gain confidence in how to file with precision and accuracy.

Presenters:

Jeremiah, CPA
Jeremiah has worked for leading tax preparation companies for over a decade. As his interest in expat taxes grew, Jeremiah made it his mission to become an expert in small business, military, and foreign income tax returns. His model for success - “Every puzzle begins with one piece being placed in the right place at the right time” - stems from his natural curiosity and determination to problem solve. Jeremiah has a passion for learning and is always up for a challenge.

Tabitha, Customer Champion
Having been an expat, Tabitha knows all the joys and headaches of living abroad! As an Enrolled Agent, Tabitha helps simplify the tax prep process for our clients by providing clear guidance and answering expat tax questions. More than anything, she loves sharing ""aha!"" moments with expats who've found the clarity they need to file with confidence!