FBAR & FATCA (Form 8938) Reporting
Foreign account and asset reporting for US persons
- 1ListAll reportable accounts identified.
- 2ValueMaximum balances converted to USD.
- 3FileFBAR and 8938 submitted.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About FBAR & FATCA (Form 8938) Reporting
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
US citizens, green-card holders and US tax residents must file an FBAR (FinCEN Form 114) if the total of their foreign accounts exceeded USD 10,000 at any time in the year — including Indian savings, NRE/NRO, fixed deposits, demat and PPF accounts. Form 8938 is a separate IRS form for foreign financial assets above higher thresholds (for those living abroad, USD 200,000 at year-end or 300,000 at any time if single). The FBAR is due 15 April with an automatic extension to 15 October.
Penalties for non-wilful FBAR violations can be significant, but people who missed filings innocently can often catch up through the IRS's Streamlined Filing Compliance Procedures.
We list all reportable Indian accounts, compute maximum values in USD, file FBAR and 8938, and handle catch-up filings where years were missed.
| FBAR threshold | USD 10,000 aggregate at any time |
|---|---|
| FBAR due | 15 April; automatic extension to 15 October |
| Form 8938 (living abroad, single) | USD 200,000 year-end / 300,000 any time |
| Includes | Bank, NRE/NRO, FD, demat, PPF and similar accounts |
| Catch-up | Streamlined procedures for non-wilful cases |
Work that the law requires a US enrolled agent or CPA to sign or represent is delivered through Indus Tax's partner professionals; our team prepares the records, coordinates the filing and stays your single point of contact.
Who this is for
Common scenarios where this service is a good fit.
- US citizens and green-card holders with Indian accounts
- H-1B and L-1 holders who are US tax residents
- Americans living in India
What you get
Clear deliverables so you know exactly what's included.
- Account inventory
- FBAR and 8938 filing
- Streamlined catch-up
- Indian ITR coordination
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
All reportable accounts identified.
Maximum balances converted to USD.
FBAR and 8938 submitted.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Work that legally needs a US enrolled agent or CPA is signed by a partner professional; we coordinate it end to end.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
- CA reads your case before the call
- DTAA, property, capital gains covered
- Written summary + checklist after
- Fee adjustable if you engage us
Frequently asked questions
Answers to the most common questions we get.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
