CPA-Prepared Form 114 FBAR Filing

FinCEN Form 114, commonly known as the FBAR, is used to report foreign bank and financial accounts when a U.S. person has a financial interest in, or signature authority over, foreign financial accounts that exceed the filing threshold.

This service is for taxpayers who need more than basic data entry. It is designed to identify which accounts may be reportable, organize maximum account values, review account types, and prepare the filing through the proper FBAR process.

A U.S. person generally must file an FBAR if they have a financial interest in or signature authority over at least one foreign financial account and the aggregate value of foreign financial accounts exceeded $10,000 at any time during the calendar year.

This Includes More Than Bank Accounts

Despite the name “Foreign Bank Account Report,” FBAR reporting is not limited to regular bank accounts.

Reportable foreign financial accounts may include:

Foreign checking accounts
Foreign savings accounts
Foreign deposit accounts
Foreign brokerage accounts
Foreign securities accounts
Foreign mutual funds or similar pooled funds
Foreign commodity futures or options accounts
Foreign annuity policies with cash value
Foreign insurance policies with cash value
Accounts where you have signature authority, even without direct ownership

FinCEN’s FBAR instructions define financial accounts broadly, including securities, brokerage, savings, checking, deposit, time deposit, commodity futures or options accounts, cash-value insurance or annuity policies, and mutual funds or similar pooled funds.

Who This Is For

This service is for U.S. persons with foreign financial accounts, including:

U.S. citizens living abroad
U.S. residents with foreign accounts
Green card holders
Expats with local bank accounts
Taxpayers with foreign investment accounts
Taxpayers with foreign retirement or pension-style accounts that may require review
Business owners with foreign account signature authority
Taxpayers with multiple foreign accounts across countries or currencies
Taxpayers who are unsure whether an account is reportable

The FBAR is filed electronically through FinCEN’s BSA E-Filing System and is not filed with the federal income tax return.

What You Get

This product may include:

FinCEN Form 114 FBAR preparation
Foreign financial account review
Account count and pricing tier review
Maximum account value review
Currency conversion coordination where applicable
Ownership and signature authority review
Account type classification
Review of bank, brokerage, securities, insurance, annuity, and pooled fund accounts
Coordination with Form 1040 foreign account questions where applicable
FBAR filing guidance and submission support

Pricing Structure

Pricing is based on the number of foreign financial accounts reported.

Pricing levels are structured in blocks of every 5 accounts, such as:

1–5 accounts
6–10 accounts
11–15 accounts
16–20 accounts
21+ accounts, priced by additional account tier

Each separate foreign financial account may increase the time required to review ownership, account type, maximum value, institution details, country, account number, currency, and reporting classification.

How It Works

1. Account Intake

You provide foreign account details, including institution names, countries, account numbers, account types, ownership, and maximum values.

2. Reporting Review

We review whether the accounts appear to be reportable foreign financial accounts based on your facts and circumstances.

3. Account Tier Confirmation

The filing is priced based on the number of accounts, in groups of every 5 accounts.

4. FBAR Preparation

Form 114 is prepared with the required account information, maximum values, and filing details.

5. Filing Coordination

The FBAR is prepared for electronic filing through FinCEN’s BSA E-Filing process.

Technical SEO Explanation

Form 114 FBAR filing is separate from the income tax return, but it often interacts with the taxpayer’s broader international tax position.

FBAR reporting may need to be coordinated with:

Form 1040 foreign account questions
Schedule B foreign account disclosures
Form 8938 FATCA reporting
Foreign income reporting
Foreign tax credits
Foreign pensions or investment accounts
Foreign trusts or entity reporting where applicable
Late FBAR compliance options where applicable

The FBAR annual due date is generally April 15, with an automatic extension to October 15 if the April deadline is missed.

No outcome is guaranteed. FBAR reporting depends on account ownership, signature authority, maximum account values, account type, foreign location, available records, and applicable FinCEN and IRS guidance.