Disclosure regimes for US persons with non-US accounts and investments: FBAR, FATCA, and PFIC reporting for UK ISAs, OEICs, and unit trusts.
Foreign account reporting is a separate compliance regime to your tax return — and the penalties are calculated on the asset value, not the underpaid tax. A single year of unfiled FBARs on UK current accounts can trigger five-figure fines even when no US tax was due. The good news: most of our clients qualify for the streamlined programme, which closes the exposure with no penalty if you come in voluntarily.
Each one is a separate service with its own page — click Learn more on any block below to see the full scope, deliverables, and pricing notes.
Required if your foreign financial accounts exceeded $10,000 in aggregate at any point during the calendar year.
>$10k in foreign accounts — aggregate across the year.
Learn moreReport specified foreign financial assets on Form 8938 when thresholds are met — separate from, and in addition to, FBAR.
>$200k in specified foreign assets (living abroad, MFJ threshold higher).
Learn moreUK ISAs, unit trusts, and OEICs are typically PFICs for US tax purposes — triggering punitive taxation unless elected properly.
UK ISAs, unit trusts, OEICs — PFIC rules apply.
Learn moreWe list every UK current, savings, joint, ISA, GIA, pension, and any signature-authority accounts to determine reporting obligations.
Calculate the highest aggregate balance for FBAR, peak / year-end values for Form 8938, and PFIC exposure on funds.
Prepare FBAR (FinCEN 114) and Form 8938, reconcile to your 1040 Schedule B, and file electronically.
If prior years were missed, we run streamlined-procedure entry — three years of returns, six years of FBARs, no penalty.
Six years of unfiled FBARs because nobody told me joint accounts with my UK wife counted. Streamlined cleaned the slate without penalty — I sleep better now.
Year-end and peak-balance figures for every reportable account.
Send us a one-paragraph description of your situation and we'll tell you which filings are actually on the hook.
