Wednesday, June 15, 2011

Word of WARNING - The FBAR is not new but enforcement is better!!!

FBARONLINE.COM is the first and the only company that offers you a smart online solution to complete your FBAR online. 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

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), if

  1. The person has financial interest in, signature authority or other authority over one or more accounts in a foreign country, and
  2. The value of the account exceeds $10,000 at any time during the calendar year.

A United States person is not prohibited from owning foreign accounts. The FBAR is required because foreign financial institutions may not be subject to the same reporting requirements as domestic financial institutions.  The FBAR is a tool to help the United States government identify persons who may be using foreign financial accounts to circumvent United States law.  Investigators use FBARs to help identify or trace funds used for illicit purposes or to identify unreported income maintained or generated abroad. 

Filing the FBAR Online:

FBARONLINE.COM features includes:

  • First company to go live and offer online filing for IRS form TDF 90-22.1
  • Easy to understand step by step tax interview for TDF 90-22.01 reporting
  • Takes less than 10 minutes to register and complete a tax returns on form TDF90-22.01
  • Filing FBAR timely and correctly save you from potential civil penalties, criminal penalties or both
  • Online filing is convenient and more economical than filing through a accountant/CPA.
  • Software saves all information, so a filer can return at later date to complete their forms
  • Allows users to print, save and retrieve the completed FBAR/TDF 90-22.01 tax forms in PDF format


We are 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.
  • Signup on our website WWW.FBARONLINE.COM
  • Use our step by step wizard to complete FBAR.
  • For further assistance call our support line 410-878-2324 or chat with us.

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