At Anu Agarwal Tax & Business Consultant, we specialize in assisting clients with the complex requirements of FBAR (Foreign Bank and Financial Accounts Report) and FATCA (Foreign Account Tax Compliance Act) filings. Our expertise in international tax laws ensures that our clients’ filings are accurate and timely, protecting them from potential legal issues.
Our Specialized Services
FBAR Filing
- Requirement: U.S. citizens and residents with financial interests in or signature authority over foreign financial accounts exceeding $10,000 must file FBAR.
- Process Management: We handle the entire FBAR filing process, ensuring that all relevant accounts and assets are reported to the Treasury Department. Our meticulous approach guarantees that no detail is overlooked, providing peace of mind to our clients.
FATCA Compliance
- Critical Compliance: FATCA requires U.S. taxpayers with foreign income to report foreign assets and adhere to U.S. tax laws.
- Comprehensive Guidance: Our team stays updated on the latest FATCA regulations. We assist in identifying reportable assets and ensure accurate disclosure of foreign income.
We simplify the complex processes of FBAR and FATCA filings for our clients. By providing clear explanations and step-by-step guidance, we make compliance straightforward and hassle-free.
Proactive Consultation Services
- Pre-emptive Reviews: We offer consultations to address potential FBAR and FATCA issues pre-emptively. Our thorough reviews identify areas needing attention, minimizing the risk of non-compliance and associated penalties.
- Voluntary Disclosure Programs: In cases of inadvertent non-compliance, we assist with voluntary disclosure programs, helping clients rectify past oversights without facing severe penalties.
Ongoing Monitoring and Advisory Services
For clients with extensive international financial activities, we provide ongoing monitoring and advisory services. This ensures continuous compliance as regulations evolve and personal financial situations change. We keep our clients informed and prepared, adapting our strategies to suit their evolving needs.