If you hold financial assets or bank accounts outside the United States, you may be required to report them under FBAR (Foreign Bank Account Report) and FATCA (Foreign Account Tax Compliance Act). At Lexus Tax Solutions, we help individuals and businesses stay compliant with these complex international reporting rules.
FBAR requires U.S. taxpayers to report foreign bank accounts if the total value exceeds $10,000 at any time during the year. We assist in identifying which accounts need to be reported and ensure your FinCEN Form 114 is filed accurately and on time to avoid penalties.
FATCA applies to foreign financial assets over certain thresholds and must be reported using IRS Form 8938. Our team helps you determine if FATCA applies to you, prepares the necessary forms, and ensures your tax return reflects all required disclosures.
We understand that international tax compliance can be overwhelming. That’s why our experts handle everything—from documentation to IRS communication—so you can focus on your financial goals with peace of mind. Whether you're an expat, investor, or dual citizen, Lexus Tax Solutions is here to protect your interests and keep you compliant.