Do You Need to File FBAR or FATCA?

If you’re a U.S. citizen living or working abroad — or you live in the U.S. and have assets overseas — you may be required to report foreign accounts and financial assets to the IRS. Missing these filings can lead to steep penalties.

In this video, Judson Mallory, Partner at Wiggam Law, explains the key reporting rules that apply to foreign accounts, FATCA compliance, and international income.

What You Need to Know

The IRS closely monitors:

Foreign bank accounts

Overseas investments and business interests

Income earned outside the U.S.

You must file:

FBAR (Foreign Bank Account Report) if you have $10,000 or more across all foreign accounts at any time during the year.

Form 8938 to report certain foreign financial assets under FATCA (Foreign Account Tax Compliance Act).

How Wiggam Law Can Help

We help clients:

Understand international tax reporting rules

Catch up on missed FBAR or FATCA filings

Reduce penalties through IRS compliance programs

Protect overseas assets while staying fully compliant

Whether you’re unsure what you need to file or know you’re behind on reporting, we’re here to simplify the process.

📞 Contact Wiggam Law for guidance on international tax compliance.
🔗 wiggamlaw.com