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FBAR Online
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FBAR online is the first website to offer smart online tool for IRS form TDF 90-22.1 preparing.
FBAR online is the first website to offer smart online tool for IRS form TDF 90-22.1 preparing.

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Fbaronline.com is the first and only company to offer FBAR online preparation in a fast, easy and affordable method. FBAR form can be completed in less than 10 minutes using our smart online wizard.

Here are some of the frequently asked questions on FBAR reporting:

- Do I need to file an FBAR?
 Any United States Person* who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year.

*United States Person: Refer to the definition of "United States person" found in the July 2000 version of the FBAR. Under this definition, the term "United States person" means (1) a citizen or resident of the United States, (2) a domestic partnership, (3) a domestic corporation, or (4) a domestic estate or trust.


- When is the FBAR due?
  The FBAR is due by June 30 of the year following the year that the account holder meets the $10,000 threshold. The granting, by IRS, of an extension to file Federal income tax returns does not extend the due date for filing an FBAR. Filers cannot request an extension of the FBAR due date.
If a filer does not have all the available information to file the return by June 30, they should file as complete a return as they can and amend the document when the additional or new information becomes available.

- What happens if an account holder is required to file an FBAR and fails to do so?
Failure to file an FBAR when required to do so may potentially result in civil penalties, criminal penalties or both. If you learn you were required to file FBARs for earlier years, you should file the delinquent FBAR reports and attach a statement explaining why the reports are filed late. No penalty will be asserted if the IRS determines that the late filings were due to reasonable cause. Keep copies of what you send for your records.

- How long should account holders retain records of the foreign accounts?
Records of accounts required to be reported on an FBAR must be retained for a period of five years. Failure to maintain required records may result in civil penalties, criminal penalties or both. 

Our pricing starts from $19.90. We offer 24/7 customer support to assist you when ever you need help. Our wizard driven service makes you FBAR reporting easy and quick. What are you waiting for ? To avoid civil and criminal penalities, all you need to do is: 

• Signup on our website WWW.FBARONLINE.COM
• Use our step by step wizard to complete FBAR form preparation.
• For further assistance call our support line or chat with us.
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If you own a foreign bank account, brokerage account, mutual fund, unit trust, or other financial account (including private pension savings in a foreign institution), then you may be required to report the account yearly to the Internal Revenue Service. Under the Bank Secrecy Act, each United States person must file a Report of Foreign Bank and Financial Accounts (FBAR).

FBARONLINE.COM is the first and the only company that offers you a smart online solution to complete your FBAR online preparation. Our combined industry experience of over 10 years ensures that you get the best support and technology to complete your FBAR in a most efficient, timely and cost effective manner.

To know more on the features and benefits of  using Fbar online, please click on the link below.
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