Syriac Consultancy Services Pvt Ltd
- syriacconsultancy@gmail.com
FBAR and FATCA Compliance
Ensuring Your Global Financial Compliance with Expertise and Precision
Comprehensive FBAR and FATCA Compliance Services
For U.S. taxpayers with financial interests or assets outside the United States, compliance with the Foreign Bank Account Reporting (FBAR) and Foreign Account Tax Compliance Act (FATCA) is not just a legal obligation—it’s essential to avoid significant penalties and maintain financial transparency. At Syriac Consultancy Services Pvt Ltd, we specialize in guiding individuals and businesses through the complexities of FBAR and FATCA compliance, ensuring that you meet all reporting requirements accurately and on time.
Understanding FBAR and FATCA Compliance
The FBAR, or FinCEN Form 114, is required by the U.S. Treasury Department for U.S. persons (citizens, residents, and entities) who have financial interests in or signature authority over foreign financial accounts that exceed $10,000 at any point during the calendar year. Failing to file an FBAR can result in severe penalties, including hefty fines. Our experts help you determine your FBAR obligations, gather necessary documentation, and ensure timely filing to keep you in full compliance.
FATCA is a federal law that requires U.S. taxpayers to report certain foreign financial assets if they exceed specified thresholds. Additionally, FATCA obliges foreign financial institutions to report information about financial accounts held by U.S. taxpayers to the IRS. Compliance with FATCA is crucial for avoiding penalties and ensuring that your foreign income and assets are properly reported. We assist you in understanding your FATCA reporting obligations, preparing the necessary forms (such as Form 8938), and managing ongoing compliance with ease.
Our FBAR and FATCA Compliance Services
We provide comprehensive support for FBAR filing, from assessing whether you meet the filing threshold to preparing and submitting the FinCEN Form 114. Our team ensures that all necessary information is accurately reported, reducing the risk of penalties.
Our FATCA compliance services include preparing and filing Form 8938, which is required for reporting specified foreign financial assets. We also assist businesses and individuals in understanding how FATCA impacts their financial holdings and help them navigate the complex reporting requirements.
We evaluate your financial situation to identify any potential compliance risks related to FBAR and FATCA. Our proactive approach ensures that you remain compliant with U.S. regulations, avoiding unnecessary penalties and complications.
If you have previously failed to comply with FBAR or FATCA requirements, we can assist you in taking advantage of IRS amnesty programs, such as the Streamlined Filing Compliance Procedures or the Voluntary Disclosure Program, to mitigate penalties and achieve compliance.
Compliance with FBAR and FATCA is not a one-time task—it requires ongoing attention. We provide continuous support to ensure that you remain compliant year after year, with regular reviews and updates to your financial reporting.
Why Choose Syriac Consultancy Services Pvt Ltd?
Our team has deep expertise in U.S. international tax law, particularly in FBAR and FATCA regulations. We stay current with all legal requirements to provide you with accurate and up-to-date guidance.
We understand that every client’s financial situation is unique. Our services are tailored to meet your specific needs, ensuring that you receive the most relevant and effective compliance support.
We prioritize the confidentiality and security of your financial data. Our processes are designed to protect your information while ensuring compliance with all reporting requirements.
We understand the importance of meeting deadlines. Our team works diligently to ensure that all FBAR and FATCA forms are filed accurately and on time, minimizing your risk of penalties.
The Collaborative Accounting Experience is guided, connected, and committed to ensure your success.
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Get Started Today!
Don’t let the complexities of FBAR and FATCA compliance overwhelm you. Partner with Syriac Consultancy Services Pvt Ltd for expert guidance and support in managing your international financial reporting obligations. Contact us today to learn more about how we can help you stay compliant and protect your financial interests.