Streamlined FBAR & FATCA Processing for Indian-Americans at PreTaxo
Understanding and complying with the Foreign Bank and Financial Accounts Report (FBAR) and Foreign Account Tax Compliance Act (FATCA) can be complex, especially for Indian-Americans with financial interests abroad. PreTaxo is here to simplify this process with our expert FBAR and FATCA processing services.
What are FBAR and FATCA?
FBAR and FATCA are U.S. regulations aimed at preventing tax evasion by U.S. citizens and residents holding financial assets outside the country.
- FBAR (FinCEN Form 114): Requires reporting of foreign financial accounts exceeding $10,000 at any time during the calendar year.
- FATCA (Form 8938): Requires certain U.S. taxpayers holding foreign financial assets to report these assets to the IRS.
Who Needs to File?
- U.S. residents and citizens with specified foreign financial assets.
- Green card holders and certain visa holders living in the U.S.
Our FBAR & FATCA Processing Service
1. Eligibility Assessment:
We begin with a thorough assessment to determine your filing requirements under FBAR and FATCA.
2. Document Collection:
Our team assists in gathering and verifying all necessary financial documents from foreign institutions.
3. Form Preparation:
We meticulously prepare the required forms, ensuring accuracy to meet compliance standards.
4. Filing and Submission:
After careful review, we submit the forms to the appropriate U.S. authorities on your behalf.
5. Compliance Monitoring:
We keep track of compliance requirements and deadlines, ensuring you stay updated and avoid penalties.
Why Choose PreTaxo for FBAR & FATCA Processing?
Expertise in U.S. Tax Laws
Our team has specialized knowledge in U.S. tax regulations, particularly for Indian-Americans.
Personalized Service
We offer tailored solutions to meet your specific financial situation.
Timely Filing
We understand the importance of deadlines and ensure timely submission of your forms.
Confidentiality and Security
Your financial information is handled with the highest level of confidentiality and security.
At PreTaxo, we are dedicated to providing comprehensive support for FBAR and FATCA compliance, making the process straightforward and stress-free for our clients. Trust us to handle your international tax reporting requirements with precision and care.