FBAR Assistant 2025-2026

Track foreign accounts, calculate thresholds, estimate penalties, and determine FBAR filing requirements

📅 Updated for 2025-2026 ⚡ Real-time calculations 💾 Auto-saves in browser
0
Total Accounts
$0
Aggregate Value
$10k
Threshold
No
FBAR Required?

📋 FBAR Assistant

Add your foreign accounts to determine FBAR filing requirements and estimate potential penalties

💰 Account Manager
⚠️ Penalty Estimator
🔄 Streamlined Filing

➕ Add Foreign Account

Institution Type Country Max Balance Ownership Action
No accounts added yet. Add your first foreign account above.

📋 FBAR Basics

  • Who must file: U.S. persons with foreign accounts > $10,000 aggregate
  • What to file: FinCEN Form 114
  • Deadline: April 15 (auto extension to Oct 15)
  • Filing method: BSA E-Filing System only

💰 What Must Be Reported

  • Bank accounts (savings, checking)
  • Securities/brokerage accounts
  • Mutual funds
  • Insurance with cash value
  • Pension accounts (if accessible)

⚠️ Common Mistakes

  • Missing the $10,000 aggregate threshold
  • Using average instead of maximum balance
  • Wrong exchange rates
  • Signature authority oversight
  • Joint account reporting errors

❓ FBAR Assistant FAQ

What is the FBAR filing threshold for 2025?
The threshold is $10,000 in aggregate value across all foreign financial accounts at any time during the calendar year. This is NOT per account – you must add the maximum values of ALL foreign accounts together.
When is the FBAR deadline for 2025?
The original deadline is April 15, 2026, with an automatic 6-month extension to October 15, 2026. No extension form is required – the extension is automatic.
What is the penalty for not filing FBAR?
Non-willful violations: up to $14,489 per account per year. Willful violations: the greater of $100,000 or 50% of the account balance, per violation per year. Criminal prosecution is also possible for willful violations.
How do I determine the maximum account balance?
Use the highest balance in each account during the calendar year. Do NOT use the average or year-end balance. Convert foreign currency to USD using the December 31 Treasury Department exchange rate.
Do I need to file FBAR if I have signature authority but no financial interest?
Yes. Signature authority (the ability to control the account by signing) triggers FBAR filing requirements, even if you have no financial interest in the account.
What is Streamlined Filing?
The Streamlined Filing Compliance Procedures allow taxpayers with non-willful FBAR violations to catch up on filings with reduced or no penalties. You must file 3 years of tax returns and 6 years of FBARs, and certify that your failures were non-willful.
Does the assistant save my accounts?
Yes! All your account data is automatically saved in your browser's local storage. You can close the page and return later – your accounts will still be here. Clearing your browser data will erase saved information.
What's the difference between FBAR and FATCA (Form 8938)?
FBAR is filed with FinCEN, has a $10,000 threshold, and carries severe penalties. FATCA (Form 8938) is filed with your tax return, has higher thresholds ($200k/$400k), and carries $10,000 penalties. Most expats must file BOTH if thresholds are met.