Ways to file an FBAR
You can file an FBAR yourself, free, through FinCEN’s BSA E-Filing System. Some people prefer software to organize the information and do the calculations, or a professional to prepare and file it for them.
Three things decide which route suits you: how many accounts you have, whether they are all in your own name or held jointly with your spouse, and whether you are filing on time. If all three are simple, filing yourself is usually enough. Missed years and accounts held through a company or trust are where a professional helps most.
The four routes side by side
| Route | Cost pattern | Your effort | Judgment on unusual facts | Who submits | Best fit |
|---|---|---|---|---|---|
| Filing yourself | Free | All of it: the account list, maximum values and conversion | Yours | You | A few accounts in your own name, statements to hand, filing on time |
| FBAR software | One-off fee or annual subscription | Provide the facts and check the results | Yours, with structured questions | You, or the provider with your Form 114a | Several accounts or currencies, filing every year |
| Professional preparer | Fee set by the firm | Provide the facts and statements | The preparer’s, within their scope | The preparer, with your Form 114a | Missed years, IRS contact, companies, trusts or signature authority |
| Broader tax service | Often part of a tax-return fee; check | Provide the facts for the whole return | The firm’s, within their scope | Usually the firm, with your Form 114a | You need a U.S. tax return prepared anyway |
Whichever route you choose, filing the FBAR on time remains your responsibility. Sources for these points are on each option page.
Filing routes
- File an FBAR yourselfFree through FinCEN’s BSA E-Filing System. You do the preparation and submit it yourself.
- Use FBAR softwareSoftware organizes the information and calculations. What it does, and who submits, differs by product.
- Use a CPA or other professionalA preparer files for you with your authorization, and can advise when the facts are not routine.