Navigate the Complexities of FBAR and FATCA Compliance with TAM Accounting.

TAM Accounting is your trusted partner in meeting the challenging requirements of the Foreign Bank and Financial Accounts Report (FBAR) and the Foreign Account Tax Compliance Act (FATCA). As IRS-enrolled agents and certified tax coaches, we provide expert guidance for individuals and businesses required to report their foreign financial accounts.

The importance of compliance with FBAR and FATCA regulations cannot be overstated. With increasing globalization, the U.S. government has put stringent measures in place to combat tax evasion by U.S. persons holding financial assets outside the United States. Failure to comply with these requirements may result in severe penalties, which can include significant fines and, in some cases, criminal charges.

At TAM Accounting, we help you understand and fulfill your FBAR and FATCA reporting responsibilities. Whether you are an individual with foreign bank accounts or a business with foreign financial assets, our team of experts is here to assist you every step of the way.

Our FBAR and FATCA services include:

  • Assistance with FBAR (FinCEN Form 114) and FATCA (Form 8938) filing
  • Guidance on determining which foreign assets are reportable
  • Assessment of your filing requirements and thresholds
  • Help with record keeping for foreign financial assets
  • Representation in cases of IRS audits or disputes

With our expert guidance, you can ensure your foreign assets are compliant with all U.S. tax laws, giving you peace of mind and freeing you to focus on what matters most – your personal and business growth.

Contact TAM Accounting today to learn more about how our FBAR and FATCA services can help you stay compliant and avoid costly penalties.

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