FBAR & FATCA - do you prepare standalone?
Our minimum project fee is $350, so if you wish to enlist us just for form FinCEN 114 - we can assist, but we recommend you enlist our services for the entirety of the project.
If you wish to prepare FBAR (FinCEN 114) on your own, you are welcome to do so. We recommend enlisting our services, but this form is submitted to the Treasury standalone from your tax return.
Form 8938 cannot be self-prepared as it is a part of the 1040 tax return that is submitted. We can prepare 8938 standalone for you if you wish, but we do not review the rest of your tax return, you are responsible for the submission (and e-file is not possible with forms prepared in different software). We recommend you enlist our services for the entirety of the project.
With the FATCA, we would only be able to prepare it, and not e-file it for you (if it is stand-alone). You would complete and submit the TFX tax questionnaire for the year you would like a FATCA prepared.