Of course – we’re dealing with sensitive data, so we’ve taken several steps to make MyExpatTaxes/MyExpatFBAR as secure as possible: Rather than trying to re-invent the wheel, we rely on…
We take data privacy very seriously. All your data is stored encrypted on our servers and we collect only what we need to prepare your tax returns. We are fully…
We’re using Mollie as our Payment Gateway and allow for a variety of payment methods (based on your location, different options might be available). Through Mollie, we fully adhere to…
You should see a floating chat icon on the bottom left corner of our application. If that doesn’t work, sending an email to support@myexpattaxes.com or using the Contact Form on our website…
Within the MyExpatTaxes / MyExpatFBAR app, there is no ability to view the log of changes. However, you can always edit your information as needed.Â
If you don’t yet have the document, you may just skip the question and come back once the document is available. If the upload is required, you can just upload…
When this occurs, it is normally due to your browser. We recommend trying different browsers or downloading the PDF and opening it up with Adobe Acrobat: https://get.adobe.com/reader/.
Anyone who must file or pay US taxes from abroad are required to file the FBAR once their financial accounts have reached the FBAR filing threshold as stated below. The…
Curious to know about calculating the total balance for all your overseas financial accounts? Here’s an example: You have 3 bank accounts: 2 from Italy, 1 from the US. You…
Hefty penalties can come your way if you forgot or didn’t know you had to file the FBAR, or Foreign Bank Account Report. Depending on your circumstance as an expat,…
Since FBARS are filed through FinCen and not the IRS, penalties can be as high as $10,000 a year for filing errors or not knowing you had to file. Fortunately,…
Yes, if you close the financial account, you should report it. Also, don’t forget to report the closing balance of the financial account in FBAR and FATCA forms while filing…
If spouses only have joint foreign accounts then, they can file one FBAR. However, if both spouses have at least one individual foreign account then they have to file one…
If you don’t have a foreign account you don’t have to prove it. However, if you do have a foreign account and don’t report it, you could get fined, because…
There is no tax on the FBAR values; FBAR reports are for informational purposes only.
Yes, you will need to include any joint accounts on your FBAR, however your non US citizen/Green Card Holder spouse does not need to file their own FBAR.
You should file an FBAR if the total of all financial accounts combined exceed the $10,000 threshold. Even for one day! Keep in mind that you won’t be taxed on…
Although we do our best to secure our clients’ data, accessing the application via the Internet is always a weak point in the security chain. With automated brute force attacks,…
Whenever a client logs in from a new device, they will not only be asked for a password but also for a 6 digit code which is sent to their…
These days automated software robots try to intrude web applications for malicious actions. This simple math question is not totally easy to detect and be answered by automated scripts, thus…
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