We will get it right!
If you have financial accounts outside the U.S., you may be required to file a Foreign Bank and Financial Account Report, commonly known as FBAR. At PLR, we help individuals and businesses navigate the complex requirements of FBAR to ensure compliance and avoid penalties.
FBAR requires U.S. taxpayers to report foreign accounts if their total aggregate value exceeds certain thresholds at any point during the year. These accounts can include bank accounts, brokerage accounts, trusts, and even foreign pensions.
Your PLR team will review your financial records, identify reportable accounts, and prepare the necessary forms to ensure accurate and timely filings. We also assist clients with delinquent FBAR submissions, guiding them with a tax attorney through amnesty programs to minimize penalties.
Managing foreign financial accounts can be complicated, but with PLR’s expertise, you can meet your reporting obligations with confidence. Don’t let FBAR requirements catch you off guard—let us help you stay compliant and protect your financial future.
