The Bank Secrecy Act (BSA) gave the Department of Treasury authority to establish recordkeeping and filing requirements for United States persons with financial interests in, or signature authority over, financial accounts maintained with financial institutions in foreign countries. This provision of the law requires that a Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), be filed if the aggregate of such foreign accounts exceeds $10,000 at any time during the year.
The Law Office of Deborah J. Jacobs has significant experience with regard to the FBAR filing obligations. If you have (or believe you have) financial interests in, or signature authority over, foreign financial accounts, we are here to assist you in understanding and meeting your FBAR filing obligations.
We look forward to working with you to resolve your international tax matters. |
The Law Office of Deborah J. Jacobs, located in New York City, represents clients worldwide on international tax matters under the tax laws of the United States. Our practices areas consist of International Tax Compliance (including, but not limited to, Offshore Voluntary Disclosure Programs, Streamlined Offshore Compliance Procedures ((both Domestic and Foreign)), Dual Citizenships, FBAR Compliance and FATCA Compliance) and International Tax Planning (including, but not limited to, Cross-Border Transactions, Tax Treaty Planning, Foreign Tax Credit Planning, Repatriation Planning and Deferral Planning). Our clients are individuals, foreign companies and entities, and financial institutions doing business or residing in the United States, or individuals, U.S. companies and entities, and financial institutions doing business or residing abroad. We look forward to working with you to resolve your international tax matters. Attorney Advertising.