FBAR/FATCA and Other Forms

FBAR – $80  

Up to 5 accounts with an additional charge of $40 for each subsequent set of 5 accounts  

FBAR, or the Foreign Bank Account Report (FinCEN Form 114), is required for individuals who have foreign accounts with balances that in total exceeded $10  thousand at any time during the tax year. Includes up to 5 accounts per year. 

FATCA – $85 

Up to 5 accounts with an additional charge of $40 for each subsequent set of 5 accounts 

FATCA, or the Foreign Account Tax Compliance Act (Form 8938), is required for individuals with foreign financial assets which, in aggregate, IRS thresholds. The  rules vary depending on your location and/or marital status. FATCA filing is a  relatively new law that the US government is enforcing vigorously. 

State Tax Returns – $150 

In addition to federal tax obligations, some U.S. states also require expats to file state income  tax returns. Because the rules vary from state to state, our tax experts will provide definitive guidance tailored to your unique circumstances. 

Form 8621 (PFIC income) – $155 

Passive foreign investment company reporting on Form 8621 for US taxpayers with an investment in a foreign company that makes most of its money from “passive” sources rather than from running an active business. Our fee for Form 8621 where there are distributions starts at $250 per PFIC.

Form 1040NR – $495 

This IRS form is required for nonresident aliens to report income that is subject to U.S. taxation. It covers both income that is effectively connected with a U.S. trade or business—such as wages, salaries, or business profits—as well as certain types of passive income, including dividends, interest, rents, and royalties. By filing this form, nonresident taxpayers disclose their U.S.‑sourced earnings to the IRS, ensuring proper tax compliance and avoiding potential penalties. 

Form 1040-X – $525 

This form is used to amend or correct a previously filed form 1040, make certain elections after the prescribed deadline, change amounts adjusted by the IRS or make a claim for a carryback due to a loss or unused credit.   

Form 709 – $425 

This is the US Gift Tax Return, which also covers Generation-Skipping Transfers (GST). It’s used to report transfers subject to federal gift tax and allocate the lifetime GST exemption to applicable property transfers. 

Form 965 – $625 

This is the Inclusion of Deferred Foreign Income form and is used to report and pay the repatriation tax due under the Tax Cuts and Jobs Act which required deferred earnings from foreign corporations to be reported.   

Form W-7 – $295 

this is the form used to apply for an ITIN or Individual Taxpayer Identification Number.  We charge $320 for this form and $165 for each additional W-7 by the same family. 

Form 8833 – $100 

This form is used to disclose a Treaty Based Return Position and we charge $100 USD for this form. 

Form 8854 – $395 

This is the Annual Expatriation Statement and is used by US citizens or long-term residents who have ended their residency or expatriated on or after June 4th 2004. We charge $420 USD to complete this form. 

Renunciation – Give up U.S. citizenship – $2,695 

Accidental Americans who struggle with U.S. tax compliance or lack a Social Security number often face challenges with foreign banks. The IRS program provides a penalty‑free path to renounce U.S. citizenship by filing five years of tax returns, FBARs, a final dual‑status return,  and Form 8854