FBAR (FinCEN 114) & FATCA Requirement Checker (2026/2027)
Verify whether your US LLC or foreign financial accounts cross the $10,000 threshold requiring annual FinCEN 114 reporting.
Mandatory FBAR (FinCEN 114) Filing Required!
Your maximum aggregate foreign bank balance reached $15,000, exceeding the $10,000 threshold. You must submit FinCEN Form 114 by April 15 (auto-extended to Oct 15).
$15,000
Combines max balances of all non-US bank accounts, Wise, Payoneer, and sub-accounts.Statutory FBAR Penalty Warning
Failing to file FinCEN 114 carries non-willful statutory civil penalties up to $10,000 per violation, and willful penalties up to $100,000 or 50% of account balance.
Real-Time Mathematical Audit
Live Step-by-Step FBAR & FATCA Compliance Audit
Line-by-line proof of FinCEN Form 114 and IRS Form 8938 filing thresholds.
Step 1: Aggregate Foreign Account Peak$15,000 Peak
Peak Account Balance: $15,000 USD
FinCEN 114 Statutory Threshold: $10,000 USD Aggregate
Step 2: US Person / Entity ClassificationUS Person / LLC ✅
Account Holder Status: US Registered LLC / US Person
FBAR Statutory Scope: Subject to FinCEN 114
Step 3: FATCA Form 8938 Threshold$50k–$400k Scope
IRS Form 8938 Threshold: $50,000 USD (Single US Resident)
FATCA Filing Required: NO (Below $50k)
Step 4: Final FBAR & FATCA VerdictFBAR Required ⚠️
FinCEN 114 Filing Status: MANDATORY (Due April 15 / Oct 15)
Penalty Risk Exposure: Up to $10,000 Non-Willful Fine
FBAR (FinCEN 114) vs FATCA (Form 8938) Comparison Matrix
| Filing Provision | FBAR (FinCEN Form 114) | FATCA (IRS Form 8938) |
|---|---|---|
| Filing Threshold | $10,000 (Aggregate Peak Balance) | $50,000 to $400,000+ |
| Filing Agency | FinCEN (BSAE-Filing) | IRS (Income Tax Return) |
| Non-Filing Penalty | $10,000+ Civil Penalty | $10,000 + $50,000 Continuation |
Knowledge Base
Frequently Asked Questions (FBAR & FATCA)
The $10,000 threshold is met if the aggregate maximum value of ALL non-US bank accounts owned or controlled by a US person/LLC exceeds $10,000 at ANY time during the calendar year (even for 1 day).
ADVAQ US Certified CPA FBAR Filing Advisory
Need Annual FinCEN 114 FBAR Filing?
Our US CPA team prepares accurate BSA E-Filing FinCEN 114 reports for foreign-owned LLCs and US persons to prevent $10,000 statutory penalties.