San Jose, CA – Having control over foreign accounts has its own fair share of responsibilities. With an aggregate value of $10,000, foreign brokerage accounts, bank accounts, mutual funds, and trust funds are some of the foreign financial accounts that U.S. citizen holders need to file a report with the Department of Treasury. Filing on the Foreign Bank Account Report’s (FBAR) site might confuse clients who are not yet adept in filing online, luckily, FBAR Filing now releases its new live chat to support clients who are filing their financial reports online.
According to Jonathan Marcus, one of the company’s associates, “Domestic entities, United States residents, estates, trusts, and citizens with control of foreign accounts or ownership thereof are required to file a Foreign Bank Account Report (FBAR) and Financial Crimes Enforcement Network (FinCEN) 114 to the Department of Treasury with an aggregate value of over $10,000 at any time during the calendar year on their foreign accounts.” He also added that there are penalties if the client fails to file the respected report in the given time. “A penalty of $10,000 shall be paid by the holder in each instance of noncompliance or failure to file FBAR,” says Marcus.
With the new live chat on the site, clients who have trouble going through the process on the website will be properly assisted with their customer support. The live chat feature will help clients file their foreign bank account reports on time, and any questions or clarifications will be answered by the website’s customer service representatives. This new element will encourage clients to file the process online rather than personally filing it. Online filing is a faster and more efficient way of processing documents compared to the manual filing. For instruction on how to file the report, refer to this link at https://fbarfiling.org/fbar-instructions/.
FBAR Filing is a website where clients who own or control foreign accounts, file their Foreign Bank Account Report (FBAR) or Financial Crimes Enforcement Network (FinCEN) 114 to the Department of Treasury to avoid penalty. The website opts for a faster and more reliable way of processing financial reports for citizens who are unable to file their reports manually. Online filing is a convenient way of complying requirements with the government, and now with its new live chat support, processing documents just became easier. To know more about the penalties, refer to this link at https://fbarfiling.org/fbar-penalties/.
To know more about the other filing options, FBAR Filing’s office is located at 74 West Hedding Street Suite 12 San Jose CA 95110. For more information about their new system, please visit their website at https://fbarfiling.org, or call them at (408) 753-8305. They can also be contacted via email at firstname.lastname@example.org.
Company Name: FBAR Filing
Contact Person: Jonathan Marcus
Phone: (408) 753-8305
Address:74 West Hedding Street Suite 12
City: San Jose
Country: United States