Use FBAR software

Capabilities vary by product. Check what a product actually calculates before relying on it; the questions further down help.

• You have several accounts or currencies and want the calculations done consistently.
• You file every year and want last year’s account details carried forward.
• Your accounts are your own or held jointly, and the reporting questions are routine.
• You want the work spread through the year instead of done in one evening before the deadline.

If your situation needs judgment, for example missed years with unreported income, or accounts held through a company or trust, software can still organize the data, but a professional is better placed to make the decisions. If you have one or two simple accounts, filing yourself may be all you need.

Ask these questions of any product:

1. What does it cost, and does it renew? One-off or annual, and how cancellation works.
2. Who submits? You, or the provider with your Form 114a authorization.
3. What does it calculate? Maximum values, the Treasury rate and rounding, or only fill the form.
4. Which situations does it support? Joint accounts, children, signature authority, companies, late years.
5. How is your data protected? Where it is stored, who can see it, and how to delete it.
6. What do you keep? A copy of the filed FBAR, the confirmation and the working behind each value.

FBAR Guard is self-service FBAR software. It follows the “you submit” model: FBAR Guard organizes your foreign accounts, calculates annual maximum values and U.S. dollar conversions for you to check, and fills the official FBAR with the information you confirm. You review it, sign it and submit it through BSA E-Filing.

The annual plan costs $44.95€44.95 per year (Excludes applicable taxesVAT included) and covers up to 25 foreign accounts per person. It is built for your own and jointly owned accounts; employer or signature-authority accounts, businesses and trusts may need a different route. See how FBAR Guard works and pricing.