Foreign Account Tax Compliance Act Reporting (FATCA): $100

Included in our flat fee:

• FATCA, or the Foreign Account Tax Compliance Act, Is required if:

• You are filing a return other than a joint return and the total value of your specified foreign assets is
  • more than $200,000 on the last day of the tax year or
  • more than $300,000 at any time during the year.

OR

• You are filing a joint return and the value of your specified foreign asset is
  • more than $400,000 on the last day of the tax year or
  • more than $600,000 at any time during the year.

This, too, is a relatively new law that the US government is enforcing vigorously. (Form 8938)

The fee to file Form 8938 includes reporting of up to 10 accounts. If there are more than 10 accounts to report, there is an additional fee of $25 for each additional 5 accounts.

If you have more than these, no problem. We can easily accommodate your circumstance.