FBAR & FATCA Specialists

Late FBAR? Zero Penalties for Most Filers.

6 years of FBARs and 3 years of returns caught up in one flat-rate engagement. Most non-willful filers pay $0 in penalties. Email us and a licensed CPA replies today.

Zero penalties for most non-willful late filers through IRS Streamlined Procedures
Multi-year FBAR filings done in a single engagement, flat rate
FBAR penalty notices (CP15, Letter 3709) answered and resolved in-house
Can't get statements from your foreign bank? We help you gather the balances and records

Zero penalties on most late catch-ups
Multi-year FBAR filings in one engagement
CP15 and other penalty notices resolved in-house

200+ Cases Filed60+ Treaty Countries5.0 Google Rating

Clark Shi, CPA, CMA, MBA, founder of TS CPA

You work one-on-one with Clark Shi, CPA, CMA, MBA. Not an admin, not a junior.

“We had all the foreign income reported but didn't know that disclosing assets was mandatory. ... Then I found Clark, he is very responsive, thoroughly explained the whole process, putting me at ease during our very first conversation.”

Sophie Z.·International Information Forms

Don't know where to start?

Tell us about your situation. Two sentences is enough.

Avg. response: under 3 hours

200+

Cases Submitted

60+

Treaty Countries

5.0

Google Rating

Same Day

Response Time

What We Handle

FBAR & FATCA Services

Every filing, every form, handled by specialist CPAs.

FBAR Current-Year Filing

FinCEN Form 114 prepared and e-filed for the current tax year. Includes all qualifying foreign accounts (checking, savings, investment, retirement) at any foreign financial institution.

Streamlined Offshore Procedures

Full preparation and filing for the IRS Streamlined Filing Compliance Procedures. Six years of FBAR catch-up, three years of amended returns, non-willful certification. Penalties typically reduced to zero.

FATCA Form 8938 Filing

Form 8938 (Statement of Specified Foreign Financial Assets) attached to your Form 1040. Thresholds run from $50,000 to $600,000 depending on filing status and whether you are a qualified individual under IRC 911(d)(1).

Late FBAR Catch-Up

For non-willful filers who have not previously filed FBARs. The IRS removed its Delinquent FBAR Submission Procedures page on July 1, 2026, so we confirm the current route before anything is filed. IRM 4.26.16.3.11 still tells examiners not to assert a penalty where the failure was non-willful, was due to reasonable cause, and the account is reported on the late FBAR.

IRS Penalty Resolution

Penalty abatement requests, reasonable cause letters, and appeals for FBAR and FATCA penalties.

Coordinated International Reporting

FBAR, Form 8938, Form 3520 (foreign trusts), Form 8621 (PFICs), and Schedule B prepared together with cross-form reconciliation.

Not sure which service you need?

Speak to an International Tax Expert

Client Stories

Real International Tax Outcomes

Common situations and how we resolved them

“Thank you Clark for handling my FBAR issue ... I can't thank you enough and you are now our CPA for life.”

Doris R.

FBAR & Amended Returns

“It's a horrible feeling knowing I was not in compliance with international informational forms after finding it out by chance. We had all the foreign income reported but didn't know that disclosing assets was mandatory. ... Then I found Clark, he is very responsive, thoroughly explained the whole process, putting me at ease during our very first conversation.”

Sophie Z.

International Information Forms

“I highly recommend Clark of TS CPA for anyone dealing with complex or overdue international tax issues. ... From our very first interaction, he proposed a clear, strategic best approach that immediately gave me peace of mind.”

Wei S.

Late FBAR & Foreign Inheritance

“I had foreign bank/investment accounts and foreign gifts from my home country that I only recently realized I needed to report for U.S. tax purposes. When I reached out to Clark for help, he replied within hours and was able to provide a clear assessment of my situation. ... Clark completed the entire matter in just a few days and addressed every question I had within hours.”

Minni S.

Streamlined Domestic Offshore

“I highly recommend Clark Shi for U.S.-Canada cross-border tax services. ... During his review, he identified that the IRS Streamlined Filing Compliance Procedures were the right solution for my situation and guided me through the entire process. ... What seemed like a complex and stressful tax issue became a smooth, well-managed process.”

Les C.

U.S.-Canada Cross-Border

“I had to file a dual status tax return for 2025, including a lot of details regarding my Brazilian income before I became a permanent resident in the US. He capably navigated the original documents in Portuguese and Brazilian currency ... He was always on top of every answer and was super swift as well.”

Ingrid K.

Dual-Status Return

FAQ

Common Questions

Still have questions? Call us at (408) 693-2111

What happens if I missed filing FBARs for several years?

The IRS Streamlined Filing Compliance Procedures let non-willful taxpayers catch up on six years of FBARs and three years of amended returns with reduced or eliminated penalties. We file Streamlined cases regularly. Most clients pay zero FBAR penalties.

I cannot get statements from my foreign bank. Can you still help?

Yes. This is one of the most common blockers, and it does not need to stop you. We help you request statements, reconstruct balances, and work with overseas banks to build your filing records. Start with what you know, we take it from there.

How much is the FBAR penalty?

The non-willful FBAR penalty is up to $16,536 for penalties assessed in 2026. The $10,000 figure in the statute is adjusted annually for inflation. In Bittner v. United States, 598 U.S. 85 (2023), the Supreme Court held that the non-willful penalty applies per report and not per account, so one late FBAR covering six accounts is one penalty. Willful violations carry the greater of $165,353 or 50% of the account balance. Streamlined Procedures can reduce or eliminate these for qualifying non-willful cases.

Can you help if I already received an IRS penalty notice?

Yes. We prepare penalty abatement requests, reasonable cause letters, and appeals for FBAR and FATCA penalties, and we resolve the great majority of them successfully.

What is the FBAR filing threshold?

You must file an FBAR if the aggregate maximum value of all your foreign financial accounts exceeded $10,000 at any point during the calendar year. The $10,000 is aggregate across all accounts, not per account.

What is the difference between FBAR and Form 8938?

FBAR (FinCEN Form 114) is filed with the Treasury Department and covers foreign financial accounts over $10,000 aggregate. Form 8938 is filed with the IRS attached to your Form 1040 and covers foreign financial assets, with higher thresholds ($50,000 and up for most filers). Many taxpayers need to file both.

Do I need to report foreign retirement accounts on FBAR?

Yes, in most cases. Foreign pensions, 401(k)-equivalent accounts, and certain retirement savings accounts typically qualify as foreign financial accounts for FBAR purposes. Some treaty-exempt accounts are excluded. We analyze your specific country and account type.

Does California have its own FBAR requirement?

No. California doesn't have a separate FBAR. California residents file the federal FBAR (FinCEN 114) with Treasury for any foreign financial accounts exceeding $10,000 in aggregate during the year. California follows federal worldwide income rules, though, so interest, dividends, and gains from those accounts also flow through to your California Form 540. We handle the federal FBAR filing and California return coordination in one engagement.

Ready to Get Compliant & Save?

Start with a free, no-obligation conversation. Most clients hear back within 3 hours.

Get Started Today Call (408) 693-2111

6 years of FBARs and 3 years of returns caught up in one flat-rate engagement. Most non-willful filers pay $0 in penalties. Email us and a licensed CPA replies today.

Zero penalties for most non-willful late filers through IRS Streamlined Procedures

Multi-year FBAR filings done in a single engagement, flat rate

FBAR penalty notices (CP15, Letter 3709) answered and resolved in-house

Can't get statements from your foreign bank? We help you gather the balances and records

Zero penalties on most late catch-ups

Multi-year FBAR filings in one engagement

CP15 and other penalty notices resolved in-house

200+ Cases Filed60+ Treaty Countries5.0 Google Rating

Call (408) 693-2111

You work one-on-one with Clark Shi, CPA, CMA, MBA. Not an admin, not a junior.

“We had all the foreign income reported but didn't know that disclosing assets was mandatory. ... Then I found Clark, he is very responsive, thoroughly explained the whole process, putting me at ease during our very first conversation.”

Sophie Z.·International Information Forms