Expert FBAR Filing Assistance
Are you one of the many U.S. persons holding foreign financial accounts with an aggregate value exceeding $10,000 at any point during the year?
At Andrew Macedo, we guide you through the complexities of FinCEN Form 114 to ensure you avoid the staggering penalties associated with non-compliance. Whether it's a simple bank account or a complex trust, we've got the expertise to protect your peace of mind.
The Weight of Non-Compliance
Non-willful violations can incur penalties starting at $10,000 per violation. If the IRS deems the failure to file as willful, the fine can skyrocket to the greater of $100,000 or 50% of the account balance at the time of the violation. We're here to make sure that doesn't happen to you.
"Navigating FinCEN regulations without professional help is like sailing through a storm without a compass. We've seen far too many accidental errors lead to life-altering fines."
High Stakes
The FBAR isn't just a form; it's a vital regulatory requirement for the Bank Secrecy Act.
The FinCEN Form 114 Process
Step-by-step guidance to absolute compliance.
1. Identification
We help you identify qualifying foreign financial accounts, including bank accounts, securities, and even certain insurance policies that have a cash value.
2. Account Aggregation
Our team accurately aggregates maximum values across the calendar year. Why risk a mistake? We calculate the peak balances to ensure 100% accuracy.
3. BSA Submission
We guide you through the BSA E-Filing system submission. No tech headaches. Just a smooth, professional, and secure filing experience.
