FBAR Filing Service — FinCEN 114

We launched an FBAR filing service to keep taxpayers with foreign "accounts" compliant. U.S. persons with foreign financial accounts exceeding $10,000 in aggregate at any time during the calendar year must file FinCEN Report 114 (FBAR).

Severe Penalties for Non-Compliance

The penalty for failing to file an FBAR can be severe: up to 50% of the account balance per year for willful violations. Even non-willful penalties can reach $10,000 per violation. The stakes are too high to ignore this filing requirement.

Attorney-Client Privilege Protection

As a dual-licensed Attorney and CPA, Philip Falco provides attorney-client privilege protection while handling your FBAR filing. This means your communications about foreign accounts are protected by legal privilege — a critical advantage that CPAs and enrolled agents alone cannot offer.

Streamlined Domestic Offshore & OVDP Experience

We have vast experience with taxpayers who are not in compliance with foreign filings. We specialize in the Streamlined Domestic Offshore Program and have worked extensively on OVDP cases.

We have handled disclosures from around the world including Switzerland, Cayman Islands, Channel Islands, and the European Union.

Contact Us for FBAR Filing Assistance

Whether you need to file a current-year FBAR or come into compliance for prior years, we can help. Call (303) 626-7000 or email Phil@ColoradoLegal.com.