International Tax Issues: FATCA and FBAR Reporting Requireme
By IRS International Office | 9 min read
Navigate international tax reporting with IRS guidance. FATCA and FBAR requirements for foreign accounts.
US citizens and residents must report foreign financial accounts and assets. FBAR (FinCEN 114): Required for foreign accounts exceeding $10,000 aggregate balance, Filed electronically with FinCEN, Severe penalties for non-compliance. FATCA (Form 8938): Required for foreign assets exceeding thresholds, Filed with tax return, Thresholds vary by filing status and residence. Report foreign income on tax returns regardless of reporting requirements. Consider professional help for complex international tax situations.\n\n**Related Resources**\n- [Financial Planning Tools](/tools)\n- [Budget Calculator](/budget-planner)\n- [Credit Guide](/category/Debt%20%26%20Credit)\n- [Money Saving Tips](/category/Save%20Money)